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Monday, October 31, 2016

Embraer SA (ERJ) reported earnings on Mon 31 Oct 2016 (b/o)

** charts after earnings **









Embraer SA beats by $0.18, beats on revs; reaffirms FY16 revs guidance  :
  • Reports Q3 (Sep) adj earnings of $0.43 per share, excluding non-recurring items, $0.18 better than the two analyst estimate of $0.25; revenues rose 17.9% year/year to $1.51 bln vs the $1.48 bln Capital IQ Consensus.
    • During 3Q16, Embraer delivered 29 commercial jets and 25 executive jets (13 light and 12 large)
    • The Company's firm order backlog ended the quarter at US$ 21.4 billion versus $21.9 billion in 2Q16
  • Co reaffirms guidance for FY16, sees FY16 revs of $5.8-6.2 bln vs. $6 bln Capital IQ Consensus Estimate.

ERJ 2 weeks after earnings:

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