Embraer Q1 2024 Adj EPS $(0.07) Beats $(0.16) Estimate, Sales $896.600M Beat $885.518M Estimate
Portfolio Pulse from Benzinga Newsdesk
Embraer (NYSE:ERJ) reported Q1 2024 adjusted EPS of $(0.07), surpassing the $(0.16) estimate, and sales of $896.6M, exceeding the $885.518M forecast. This represents a significant improvement over the previous year, with a 85.54% decrease in losses per share and a 25.10% increase in sales.
May 07, 2024 | 10:27 am
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Embraer reported a significant improvement in Q1 2024 with adjusted EPS of $(0.07) beating estimates and sales of $896.6M exceeding forecasts.
Embraer's better-than-expected Q1 2024 earnings and sales indicate a strong financial performance and operational efficiency, likely leading to positive investor sentiment and a potential increase in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100