–Brazilian aerospace company Embraer (NYSE: ERJ) reported an adjusted loss of $0.26 per ADS for the third quarter of 2019, vs. $0.09 per ADS loss expected
— Net loss attributable to shareholders was $77.2 million or $0.42 per ADS, compared to a loss of $12.5 million or $0.017 per ADS a year earlier
–Revenues increased to $1.18 billion from $1.16 billion in the third quarter of last year, vs. $1.34 billion expected
— Delivered 17 commercial and 27 executive jets during the quarter, up from 15 and 24 units respectively last year
— Reaffirmed full-year 2019 delivery targets of 85–95 commercial jets, 90–110 executive jets and two KC-390 aircraft
–Currently, on track to deliver five Super Tucano aircraft in 2019
–Reaffirmed full-year revenue guidance of $ 5.3–5.7 billion and breakeven EBIT margin
–Reiterated 2020 revenue outlook of $ 2.5–$ 2.8 billion, EBIT margin of 2–5%, and breakeven free cash flow
Most Popular
What to look for when CVS Health (CVS) reports Q3 earnings
Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain
eBay (EBAY): A few factors that helped drive growth in Q3 2024
Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to
