Embraer’s quarterly net profit slips, maintains full-year outlook

SAO PAULO (Reuters) -Brazilian planemaker Embraer on Tuesday posted a third-quarter adjusted net income of $54.4 million, down from $221 million a year earlier, citing a hit from extraordinary items such as deferred taxes and results from electric aircraft unit Eve.

Embraer’s third-quarter revenue hit $2 billion, up 18% year-on-year and an all-time high for the period, the company said in a securities filing. The company reiterated its full-year financial and delivery outlook.

(Reporting by Gabriel Araujo; Editing by Kirsten Donovan)