Investing.com - Embraer ADR reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Embraer ADR announced earnings per share of 0.1266 on revenue of 1.42B. Analysts polled by Investing.com anticipated EPS of 0.1258 on revenue of 1.5B.
Embraer ADR shares are down 25.3% from the beginning of the year, still down 31.65% from its 52 week high of 19.40 set on October 15, 2021. They are under-performing the EUR/USD which is down 0% from the start of the year.
Embraer ADR follows other major Industrials sector earnings this month
Embraer ADR's report follows an earnings beat by Deere&Company on February 18, who reported EPS of 2.92 on revenue of 8.53B, compared to forecasts EPS of 2.27 on revenue of 8.28B.
Airbus Group NV had beat expectations on February 17 with fourth quarter EPS of 0.4232 on revenue of 19.32B, compared to forecast for EPS of 0.3568 on revenue of 19.29B.
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