Beta Technologies Inc (NYSE: BETA) surged 5.08% during Thursday's intraday session, buoyed by a better-than-expected Q3 earnings report and strategic collaborations.
The aerospace company reported Q3 revenue of $8.9 million, nearly triple the prior year’s $3.1 million and surpassing analyst estimates of $6.8 million. Despite a net loss of $9.83 per share, investors focused on the firm’s optimistic full-year revenue guidance of $29–$33 million (vs. $30.5M consensus).
Key catalysts included a $300 million equity investment from GE Aerospace to co-develop hybrid electric turbogenerators and FAA certification for its electric aircraft propeller. Analysts highlighted BETA’s $3.5 billion order backlog and leadership in electric aviation as long-term growth drivers.
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