SAO PAULO (Reuters) -Brazilian planemaker Embraer's raised its projected adjusted earnings before interest and taxes (EBIT) margin for 2024 to between 9% and 10%, from 6.5%-7.5% before, it said on Friday in a securities filing, while it also saw a jump in third-quarter results.

In its updated guidance, world's third-largest planemaker behind Airbus and Boeing also bumped up its free cash flow guidance for this year to $300 million or higher, from at least $220 million previously expected.

The company lowered its guidance for this year's commercial aircraft deliveries to between 70 to 73, from 72 to 80 previously estimated.

"We expect a positive reaction to the new guidance due to the increase in profitability and FCF," JPMorgan analysts said in a report to clients.

Embraer said in a separate securities filing on Friday that its third-quarter adjusted net profit in dollars jumped to $221 million, up from $32.9 million a year earlier.

The result was also much higher than the $74.8 million net profit expected by analysts polled by LSEG.

Embraer said the much higher than expected adjusted net profit excluded extraordinary effects such as $50.8 million spent in deferred taxes and a $8.6 million loss in its unit Eve's results.

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose to $356.6 million from $149.3 million a year earlier, beating the $162 million expected by analysts.

Embraer's net revenue jumped to $1.69 billion in the third quarter, from $1.28 billion a year earlier.

"There was solid performance by Defense & Security and Executive Aviation, whose revenues increased both 65% year-on-year," the company said.

($1 = 5.6923 reais)

(Reporting by Luana Maria BeneditoEditing by David Goodman and David Evans)