Embraer Breaks Out After Maintaining 20% Revenue Growth Expectation

Embraer Breaks Out After Maintaining 20% Revenue Growth Expectation·Investor's Business Daily

Embraer, the Brazilian aerospace manufacturer, early Friday narrowed its full-year commercial jet delivery expectations while keeping its 2024 revenue views intact as it reported third-quarter results. The company, which trades in American depositary receipts (ADRs), surged in market trade. The commercial, business and defense jet manufacturer saw Q3 revenue grow 32% to $1.69 billion, with sales from its "executive aviation" and "defense & security" segments each increasing 65% compared to a year ago.

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