Embraer Tops Q2 Earnings Estimate, Reaffirms FY23 Outlook
Portfolio Pulse from Lekha Gupta
Embraer SA (NYSE:ERJ) reported Q2 FY23 revenue of $1.292 billion, a 27% Y/Y increase, beating the consensus of $1.162 billion. The company delivered 47 jets in Q2, a 47% Y/Y increase, and reaffirmed its FY23 outlook. However, ERJ shares are trading lower by 4.55% at $14.28.
August 14, 2023 | 1:59 pm
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Embraer reported better than expected Q2 earnings and reaffirmed its FY23 outlook. Despite this, ERJ shares are trading lower.
Embraer's better than expected Q2 earnings and reaffirmed FY23 outlook are positive indicators for the company. However, the stock price is down, which could be due to market factors or investor sentiment not reflected in the earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100