Embraer Q4 Sales $1.98B Miss $2.00B Estimate, Adjusted Net Income $$77.6M Up From $43.2M YoY
Portfolio Pulse from Benzinga Newsdesk
Embraer reported Q4 sales of $1.98 billion, missing the $2.00 billion estimate. However, its adjusted net income rose to $77.6 million from $43.2 million year-over-year.
March 18, 2024 | 10:35 am
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Embraer's Q4 earnings report showed a miss on sales estimates but a significant increase in adjusted net income year-over-year.
While Embraer missed the sales estimates, the significant increase in adjusted net income year-over-year could be seen positively by investors. The miss on sales might cause some concern, but the growth in profitability indicates operational efficiency and could mitigate negative sentiment.
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