Embraer SA ERJ incurred adjusted loss of 8 cents per share in second-quarter 2019.Barring one-time items, the company reported GAAP earnings of 4 cents per share against a loss of 72 cents incurred in the prior-year period.RevenuesEmbraer’s second-quarter revenues came in at $1,378.7 million, which surpassed the Zacks Consensus Estimate of $1,350 million by 2.1%. Revenues also increased 10%, year over year, primarily backed by higher deliveries in the Executive Jets segment, boosting the top line by 43.3%.Order and DeliveryEmbraer delivered a total of 51 jets in the reported quarter, up 6.25% year over year. The company delivered 26 commercial and 25 executive (19 light and 6 large) jets during the second quarter compared with 28 commercial and 20 executive (15 light and 5 large) jets in the second quarter of 2018.Embraer’s backlog at the end of the quarter was $16.9 billion, down from $17.4 billion in the year-ago quarter.Operational HighlightsIn the second quarter, the company’s cost of sales and services totaled $1,180.1 million, up from $1,116.2 million in the prior-year quarter.Also, Embraer’s gross profit grew 44.2% to $198.6 million.It posted quarterly adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $67 million compared with $41.5 million in the year-earlier quarter.Embraer-Empresa Brasileira de Aeronautica Price, Consensus and EPS Surprise Embraer-Empresa Brasileira de Aeronautica price-consensus-eps-surprise-chart | Embraer-Empresa Brasileira de Aeronautica QuoteFinancial UpdateAs of Jun 30, 2019, the company’s cash and cash equivalents amounted to $855.5 million compared with $1,280.9 million as of Dec 31, 2018.Embraer had net debt of $1,090.3 million as of Jun 30, 2019, up from $439.9 million as of Dec 31, 2018.Adjusted net cash generated by operating activities summed $140.5 million compared with cash inflow of $129.3 million in the year-ago period.The company’s adjusted free cash flow for the second quarter was $1.5 million compared with free cash flow of $43.3 million at the end of the year-ago period. Higher CapEx and investments in development chiefly resulted in this downside.GuidanceFor 2019, the company reaffirmed its guidance. Embraer still expects to deliver 85-95 commercial jets to the Commercial Aviation segment along with 90-110 executive jets.Zacks RankEmbraer currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Recent Defense ReleasesTextron Inc. TXT reported second-quarter 2019 earnings from continuing operations of 93 cents per share, which surpassed the Zacks Consensus Estimate of 85 cents by 9.4%. The bottom line also increased 6.9% from 87 cents in the year-ago quarter.Lockheed Martin Corp. LMT reported second-quarter 2019 earnings of $5 per share, which surpassed the Zacks Consensus Estimate of $4.74 by 5.5%. The bottom line also improved 23.5% from $4.05 in the year-ago quarter.Kratos Defense & Security Solutions, Inc. KTOS reported second-quarter 2019 earnings of 8 cents per share, which surpassed the Zacks Consensus Estimate of 7 cents by 14.3%. The bottom line also improved from the prior-year quarter’s earnings of 2 cents per share.The Hottest Tech Mega-Trend of AllLast year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Embraer-Empresa Brasileira de Aeronautica (ERJ): Free Stock Analysis Report Lockheed Martin Corporation (LMT): Free Stock Analysis Report Kratos Defense & Security Solutions, Inc. (KTOS): Free Stock Analysis Report Textron Inc. (TXT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research