New Horizon Aircraft Reports Better-Than-Expected GAAP EPS of -$0.06
New Horizon Aircraft (NASDAQ: HOVR) reported Q1 GAAP earnings per share (EPS) of -$0.06, which exceeded analysts' expectations by $0.03. Despite the negative figure, the company's performance was better than anticipated, leading to a positive market reaction with shares rising 4.5% in after-market trading. The firm has been actively discussing developments related to its vertical take-off aircraft project, focusing on enhanced range and weather capabilities. Additionally, New Horizon Aircraft is scheduled to present at an upcoming investment conference hosted by IAccess Alpha later this year.
Tickers: $HOVR