Categories Earnings, Other Industries

Embraer (NYSE: ERJ): Q3 2019 Earnings Snapshot

–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

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text

Most Popular

Should investors worry about Micron’s (MU) weak Q4 results and guidance?

The semiconductor industry is a rapidly growing business segment that currently thrives on the digital transformation wave. The demand for memory chips and other semiconductor products increased over the years,

What has Bed Bath & Beyond (BBBY) outlined for this fiscal year?

Shares of Bed Bath & Beyond (NASDAQ: BBBY) were up on Friday, a day after the company delivered disappointing results for the second quarter of 2022. The company reported a

NKE Earnings: Highlights of Nike’s Q1 2023 results

Nike, Inc. (NYSE: NKE) has reported a decrease in net profit for the first quarter of 2023, despite a modest increase in revenues. The company's stock suffered a big loss

Add Comment
Viewing Highlight