A jump in aircraft deliveries has helped Embraer to beat expectations for quarterly earnings on Wall Street.
Adjusted net profit at the world’s third largest aircraft manufacturer after Airbus and Boeing rose by 25 per cent to $57.9 million during the three months to the end of June. The Brazilian group’s revenue rose by almost 27 per cent to $1.29 billion.
Deliveries of its new jets rose by almost half during the quarter to 47, bolstering confidence that Embraer will meet its annual target of 200. Deliveries typically increase in the second half of the year, which tends to be seasonally busier for aircraft builders.
Embraer, which was founded in 1969, is based in São Jose dos Campos. It has a stock market value of
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