Embraer Earnings Results: 3rd Quarter 2020
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Embraer (ERJ) Misses Q3 EPS by 36c, Revenues Miss
November 10, 2020 5:50 AM ESTEmbraer (NYSE: ERJ) reported Q3 EPS of ($0.81), $0.36 worse than the analyst estimate of ($0.45). Revenue for the quarter came in at $537.2 million versus the consensus estimate of $816.74 million.
HIGHLIGHTS
Embraer delivered 7 commercial jets and 21 executive jets (19 light / 2 large) in 3Q20, and the Company's firm order backlog at the end of the quarter was US$ 15.1 billion;Excluding special items, adjusted EBIT and EBITDA were US$ (45.3) million and US$ (0.6) million, respectively, negatively impacted by weak... More