What caused ACHR's EPS slump in Q2 2024?

Archer Aviation's EPS slump in Q2 2024 can be attributed to several factors: 1. **Operational Challenges**: Archer Aviation has been facing operational challenges, including delays in production and certification processes. These issues have likely impacted the company's ability to generate revenue and profitability, leading to a slump in EPS. 2. **Market Conditions**: The aviation industry is highly competitive and sensitive to market conditions. Any downturn in the market or adverse events affecting the industry can impact airline companies' financial performance. It's possible that Q2 2024 saw unfavorable market conditions that affected Archer's revenue and profitability. 3. **Insider Activity**: While insider activity can sometimes be a signal to investors about a company's prospects, it's not directly related to causing an EPS slump. However, the purchase of shares by major shareholders like N.V. Stellantis could be seen as a vote of confidence in the company's long-term prospects, which might not necessarily impact the short-term EPS figures. In conclusion, Archer Aviation's EPS slump in Q2 2024 is likely a result of a combination of operational challenges and market conditions, rather than any specific insider activity.