Brazil’s Embraer posts narrowed Q3 net loss, boosts free cash flow outlook By Reuters


© Reuters. FILE PHOTO: The logo of Brazilian planemaker Embraer SA is seen at the company’s headquarters in Sao Jose dos Campos, Brazil February 28, 2018. REUTERS/Roosevelt Cassio/File Photo

SAO PAULO (Reuters) – Brazilian planemaker Embraer SA (NYSE:) on Monday reported an adjusted net loss of 93.8 million reais in the third quarter, narrowing from the 179.7 million-real loss seen a year ago.

The company also boosted its free cash flow outlook for the full year to $150 million or more from a previous estimate of $50 million or more, saying results so far have outperformed its initial expectations.

Other financial and delivery forecasts for 2022 were kept unchanged, the planemaker added in a securities filing.

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