What's Going On With Embraer Shares Thursday?
Portfolio Pulse from Dylan Berman
Embraer S.A. (NYSE:ERJ) shares are trading higher after the company reported strong Q2 earnings for the 2024 fiscal year, with EPS and revenue beating analysts' estimates. The company saw significant growth in defense and security revenue and provided optimistic delivery and revenue projections for the fiscal year.
August 08, 2024 | 4:31 pm
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Embraer S.A. (NYSE:ERJ) reported strong Q2 earnings for the 2024 fiscal year, with EPS of 43 cents beating the estimate of 27 cents and revenue of $1.49 billion beating the estimate of $1.42 billion. The stock is up 8.42% following the news.
The strong earnings report, with both EPS and revenue exceeding analysts' estimates, is a positive indicator for investors. The significant growth in defense and security revenue and optimistic projections for jet deliveries and overall revenue for the fiscal year further boost investor confidence.
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IMPORTANCE 90
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