Airbus Q3 results top estimates on strength in helicopter, aircraft deliveries

Investing.com -- Airbus reported Thursday third-quarter results that topped analyst expectations, and maintained its guidance for the full year.   

The aircraft maker reported adjusted earnings before interest and taxes, or operating profit, a  key profit metric, of €1.41 billion in Q3, up 39% from the same period a year earlier as revenue increased 5% to €15.69B. That was ahead of analyst estimates for EBIT of €1.2B on revenue of €15.03B.

The bottom line was boosted by "higher contribution from the Airbus Helicopters division, in particular from the increased helicopter deliveries, and the higher commercial aircraft deliveries with a favourable mix," the company said.

Earnings per share was €1.24 in Q3, up from €1.02 a year earlier. 

For the full-year, the company continues to expect about 770 commercial aircraft deliveries and adjusted EBIT of around €5.5B.

Airbus Group SE (EPA:AIR ), which released its results after the European close, ended Wednesday down 0.4%. 

 

 

Source: Investing.com