Embraer Earnings Results 2nd Quarter 2020
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Embraer (ERJ) Misses Q2 EPS by 13c, Revenues Beat
August 5, 2020 6:07 AM EDTEmbraer (NYSE: ERJ) reported Q2 EPS of ($0.57), $0.13 worse than the analyst estimate of ($0.44). Revenue for the quarter came in at $633.8 million versus the consensus estimate of $613.05 million.
HIGHLIGHTS
Embraer delivered four commercial jets and 13 executive jets (nine light / four large) in 2Q20, and the Company's firm order backlog at the end of 2Q20 was US$ 15.4 billion;Excluding special items, adjusted EBIT and EBITDA were US$ (140.5) million and US$ (120.4) million, respectively, negatively impacted by weak Commercial Aviation results, yielding... More