Market Overview

Embraer: Q1 Earnings Insights

Share:

Shares of Embraer (NYSE:ERJ) were flat in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share fell 69.64% year over year to ($0.57), which missed the estimate of ($0.29).

Revenue of $633,800,000 decreased by 23.02% year over year, which missed the estimate of $934,970,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Embraer hasn't issued any revenue guidance for the time being.

Technicals

Company's 52-week high was at $20.92

Company's 52-week low was at $3.99

Price action over last quarter: down 21.60%

Company Description

Embraer SA based in Sao Paulo, Brazil, Embraer manufactures regional aircraft, business jets, and defense and security products. The company also offers a range of services to support its installed base of hardware. Its defense and security business is currently focused on developing the KC-390 military transport aircraft. The company also produces aircraft systems and structural components. Regional jet manufacturing will account for about 60% of 2018 revenue, business jets should stand at roughly a quarter of revenue, and defense and other sales will make up the remainder of sales.

 

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Posted-In: Earnings News