Archer Aviation Inc. (NYSE:ACHR) shares are moving Friday after the company reported its first-quarter financial results. Here's a look at the details from the report.

The Details:

Archer Aviation reported quarterly losses of 36 cents per share which missed the analyst consensus estimate of losses of 35 cents by 2.86%.

The company reported a net loss for the first quarter of 2024 of $116.5 million. Archer said the loss represents investments required to achieve the key elements of its commercialization plan, including continued investment in the design, development, test and certification activities for its Midnight aircraft. It also included non-recurring payments...