U.S. Aviation Tech Stocks Slip as Earnings Disappoint
Shares of AirSculpt Technologies (NASDAQ:AIRS) fell 1.3% on Friday, ending at $4.61 after the company reported a quarterly loss of $0.03 per share and revenue of $39.39 million, slightly above estimates. Analysts gave mixed ratings, with a consensus “Reduce” rating and an average price target of $4.50.
Archer Aviation (NYSE:ACHR) saw its stock drop 7% to $4.75 following a quarterly loss of $0.28 per share and revenue of $1.60 million, both missing consensus forecasts. Wall Street analysts rated the stock “Hold” on average, with a target price of $11.83. The company’s market capitalization stands at $3.61 billion.
Both companies cited weaker‑than‑expected earnings and revenue, prompting a broader pullback in aerospace‑related equities.