markets

Max Knoblauch11/6/25

Archer Aviation sinks after reporting better-than-expected Q3 loss, announces it will acquire LA’s Hawthorne Airport

Air taxi maker Archer Aviation reported its Q3 results on Thursday, and its shares climbed more than 6% before turning negative.

The company posted a loss per share of $0.20, better than the $0.30 loss analysts polled by FactSet expected.

Archer announced it would acquire Los Angeles’ Hawthorne Airport for $126 million as a strategic hub for its planned LA air taxi network.

Cash is vital for Archer, which is without revenue as it seeks FAA certification. The company ended its third quarter with $1.64 billion in cash (and equivalents), down from last quarter’s $1.72 billion but more than 3x the amount from the same period a year ago.

Archer’s rival Joby Aviation, which reported its third-quarter results on Wednesday, has a cash pile of $978.1 million.

Archer reported adjusted operating expenses of $121.2 million. Looking ahead, Archer said it expects adjusted earnings before interest and taxes to be a loss of between $110 million and $140 million for the fourth quarter. Wall Street expected a $120 million loss.

Earlier this week, Archer shares fell amid the IPO of its electric aircraft rival Beta Technologies. Archer shares are down about 9% this year as of Thursday’s close, far underperforming Joby’s growth of 76%.

More Markets

See all Markets

Ford Rouge Complex In Michigan

Ford beats revenue estimates in Q4, with weaker-than-expected earnings

The Detroit automaker released its fourth-quarter and full-year results after the bell on Tuesday.

Max Knoblauch32m

markets

Matt Phillips40m

Robinhood 4Q revenue misses estimates, but earnings beat

Robinhood Markets posted fourth-quarter revenue that fell short of analysts’ estimates, but earnings topped Wall Street’s forecasts.

(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company subject to certain legal and regulatory restrictions. I own Robinhood stock as part of my compensation.)

The stock, crypto, and options-trading platform reported:

Q4 earnings per share of $0.66 vs. analysts’ consensus estimate of $0.63, according to FactSet.
Sales of $1.28 billion vs. expectations of $1.35 billion.
Transaction-based revenue of $776 million vs. expectations of $797.6 million.

Shares of the company were down 5.4% shortly after the report.

Robinhood shares notched gains of 193% and 204% in 2024 and 2025, respectively, though they’ve recently given up some of those gains amid volatility in the crypto markets.

J. Edward Moreno

Lyft gives mixed earnings report, announces $1 billion buyback

Lyft — which is has a $6.7 billion market cap — announced that it would buyback up to $1 billion in shares.

Lyft decal

Tasha Matsumoto

Stocks dip ahead of tomorrow’s delayed jobs report

After weaker-than-expected retail sales, Wall Street awaits tomorrow’s delayed jobs report and Friday’s delayed CPI for clues into the health of the economy.

CHICAGO, ILLINOIS - JANUARY 18: Caleb Williams #18 of the Chicago Bears throws a pass against the Los Angeles Rams during the first quarter in the NFC Divisional Playoffs at Soldier Field on January 18, 2026 in Chicago, Illinois.

markets

The tech sector’s biggest winners and losers are swapping places

It’s bizarro world for the tech sector.

Software stocks, the market’s collective whipping boy in 2026 in light of the presumptive threat of AI disruption, are continuing to recover on Tuesday. Meanwhile, the biggest winners of the AI boom this year — memory stocks, benefiting from intense shortages — are taking their turn in the red.

The iShares Expanded Tech Software ETF’s gains are being led by Datadog, a rare case of a software stock rising after reporting earnings this season, with heavyweights Oracle and ServiceNow outperforming the industry. Figma, which isn’t in this product, is also up double digits.

On the other side of the spectrum, Micron, Sandisk, Seagate Technology Holdings, and Western Digital are selling off.

The seesaw of modern markets often requires that as one group’s fortunes inflect positively after a long drubbing, so too must a high-flyer have its wings clipped.

That is, if you’re a portfolio manager long memory and short software stocks, and enough investors are willing to catch a falling knife and buy the beaten-down group, staying market-neutral and reducing this position would require you to purchase software and dump some memory stocks.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.

©2026 Sherwood Media, LLC