Why Archer Aviation's Stock Is Gaining Altitude Today

·2 min read

Forget the fact that Archer Aviation (NYSE: ACHR) came up $0.02 short of analysts' expectations that it would report a loss per share of $0.28. Investors seem much more focused on other areas of the electric plane maker's second-quarter 2022 earnings, which were reported Wednesday after the market closed. As of 10:45 a.m. ET Thursday, shares of Archer Aviation have soared 12.7% higher.