Embraer (ERJ) Q2 Earnings Beat Estimates, Revenues Rise Y/Y

Embraer S.A. (ERJ) reported second-quarter 2024 adjusted earnings of 44 cents per American Depository Share (ADS), which beat the Zacks Consensus Estimate of 24 cents by 83.3%. The bottom line also improved 37.5% from 32 cents reported in the prior-year quarter. The company registered quarterly GAAP earnings of 54 cents per ADS against a loss of 10 cents per ADS in the second quarter of 2023. Total Revenues Revenues totaled $1.49 billion, up 15.5% year over year, primarily driven by higher revenues from its ...