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NYSE:ACIC

Atlas Crest Investment 5/9/2024 Earnings Report

Atlas Crest Investment EPS Results

Actual EPS
$0.50
Consensus EPS
$0.25
Beat/Miss
Beat by +$0.25
One Year Ago EPS
$0.71

Atlas Crest Investment Revenue Results

Actual Revenue
$73.20 million
Expected Revenue
$65.22 million
Beat/Miss
Beat by +$7.98 million
YoY Revenue Growth
N/A

Atlas Crest Investment Announcement Details

Quarter
Time
After Market Closes
Conference Call Date
N/A
Conference Call Time
N/A

Conference Call Resources

Atlas Crest Investment Earnings Headlines

Trump’s tariffs just split the AI market in two
Trump’s tariff just split the AI market – among others – in two. One group of AI companies—the ones relying on cheap foreign hardware—just saw their costs shoot through the roof. For the other group of AI companies, they were just handed a massive competitive advantage. Make no mistake, AI as a whole is still a game-changer for the global economy. But within the AI sector, Trump’s tariffs have created a huge divergence.
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About Atlas Crest Investment

Atlas Crest Investment (NYSE:ACIC) does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to engage in the business of designing and developing electric vertical takeoff and landing aircraft for use in urban air mobility that can carry passengers for 60 miles at speeds of up to 150 mph. Atlas Crest Investment Corp. was incorporated in 2020 and is based in New York, New York.

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