Investing.com - Embraer ADR reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Embraer ADR announced earnings per share of 0.4 on revenue of 1.02B. Analysts polled by Investing.com anticipated EPS of -0.07 on revenue of 1.16B.
Embraer ADR shares are down 43.77% from the beginning of the year, still down 48.56% 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 shares gained 4.50% in intra-day trade following the report.
Embraer ADR follows other major Industrials sector earnings this month
Embraer ADR's report follows an earnings beat by United Parcel Service on July 26, who reported EPS of 3.29 on revenue of 24.77B, compared to forecasts EPS of 3.16 on revenue of 24.65B.
Union Pacific had beat expectations on July 21 with second quarter EPS of 2.93 on revenue of 6.27B, compared to forecast for EPS of 2.84 on revenue of 6.12B.
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