HOOD - Jim Cramer Likes Crown Castle But Can't Recommend Archer Aviation: It Has 'No Earnings Power' | Benzinga
CNBC’s Jim Cramer can’t recommend Archer Aviation Inc. (NYSE: ACHR). It just has "no earnings power," he said, adding, "There’s so many good stocks right now, we don’t need that."
On Feb. 26, Archer Aviation reported worse-than-expected fourth-quarter financial results. The company reported quarterly losses of 34 cents per share which missed the analyst consensus estimate of losses of 28 cents by 21.43% and represents a 12.82% increase over losses of 39 cents per share from the same period last year. Archer Aviation expects non-GAAP operating expenses of $75 million to $95 million for the first ...