Archer Limited provided earnings guidance for the fourth quarter of 2020 and full year 2021. For the quarter, the company expected revenue of $211 million was up 15% compared to third quarter. Market analysts expected overall market expenditures in 2021 to be in line with 2020, while Archer expects improved financial performance in 2021 on the back of a strong backlog and market position: Revenues for 2021 expected to increase moderately from run-rate second half 2020.