Recs

0

Embraer Earnings Plummet

Shares of Brazilian planemaker Embraer (NYSE: ERJ  ) were sliding in midday Thursday trading, following a Q3 2013 earnings report that showed the company missing earnings estimates badly, and missing on revenues to boot.

Q3 2013 revenues of $1.29 billion fell about 6% short of analysts' anticipated  $1.37 billion. Meanwhile, the company reported earning only $0.29 per American depositary share (the form in which Embraer's domestic shares trade on the U.S.'s New York Stock Exchange). Analysts had expected the company to report $0.49 per ADS in profit.

Much of the decline in profitability owed to weaker revenues, as compared both year-over-year to last year's Q3 results, and sequentially against Embraer's results from Q2 2013. A steep drop in operating profit margins exacerbated the problem. Operating margins declined to 5.9%, 130 basis points worse than last year's 7.2% profit margin, and an even worse sequential drop from last quarter's 8.7% margin.

According to Embraer, the company delivered 19 commercial and 25 executive jets in the fiscal third quarter.

link


Read/Post Comments (0) | Recommend This Article (0)

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2708224, ~/Articles/ArticleHandler.aspx, 9/27/2016 11:41:52 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,150.09 55.26 0.31%
S&P 500 2,154.23 8.13 0.38%
NASD 5,283.17 25.68 0.49%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/27/2016 11:25 AM
ERJ $17.77 Down -0.18 -1.00%
Embraer-Empresa Br… CAPS Rating: ***