Embraer (ERJ) Q4 Earnings Surpass Estimates, Revenues Down Y/Y

Embraer S.A. (ERJ) reported fourth-quarter 2023 adjusted earnings of 42 cents per American Depository Share (ADS), which beat the Zacks Consensus Estimate of 27 cents by 55.6%. The bottom line also came in higher than 18 cents reported in the prior-year quarter.The company reported quarterly GAAP earnings of $1.05 per ADS compared with 33 cents reported in fourth-quarter 2022.For 2023, the company reported adjusted earnings of 43 cents per ADS compared with 21 cents recorded in 2022.Total RevenuesEmbraer’s ...