Investing.com - Embraer ADR reported on Monday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Embraer ADR announced earnings per share of -1.59 on revenue of 633.8M. Analysts polled by Investing.com anticipated EPS of -0.35 on revenue of 837.62M. That with comparison to EPS of -0.23 on revenue of 823.3M (NYSE:MMM) in the same period a year before.Embraer ADR had reported EPS of -1.14 on revenue of 2.09B in the previous quarter.Analysts are expecting EPS of -0.42 and revenue of 837.54M in the upcoming quarter.
Embraer ADR shares are down 71.73% from the beginning of the year and are trading at 5.51 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% year to date.
Embraer ADR follows other major Capital Goods sector earnings this month
Embraer ADR's report follows an earnings beat by Raytheon Technologies on May 7, who reported EPS of 1.78 on revenue of 18.21B, compared to forecasts EPS of 1.01 on revenue of 17.49B.
Deere&Company had matched expectations on May 22 with second quarter EPS of 2.11 on revenue of 8.22B, compared to forecast for EPS of 2.11 on revenue of 7.89B.
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