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What: Shares of Brazilian aircraft company Embraer
So what: Second-quarter EPS of $0.53 increased 36% year over year and trounced the $0.45 consensus estimate. Revenue of $1.36 million was flat with the year-earlier quarter but 5% ahead of the consensus forecast.
Now what: Management said the earnings increase resulted from a product-mix shift and improving productivity and efficiency. The press release stated, "[W]e believe Embraer is on track to meet its 2011 projected deliveries and Revenue guidance." The company raised its 2011 revenue forecast to $5.8 billion from $5.6 billion and its EBIT forecast to $465 million from $420 million, inspiring confidence that it is holding its own as competitors Boeing
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Fool contributor Cindy Johnson owns no shares of any company named above. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.