"Embraer's Growth Forecast and Disruptive Potential in Aerospace Industry"

Brazil-based aircraft manufacturer Embraer reported a mixed fourth-quarter performance, with earnings of $1.05 per share, up from 12 cents per share the year prior, and revenue easing 0.8% to $1.975 billion, slightly missing FactSet's expectations. The company delivered 75 jets in Q4 and expects 2024 deliveries and revenue to increase. Morgan Stanley named Embraer its top pick in aerospace, citing the company's transition into a "harvest period" and its potential to challenge the duopoly of Boeing and Airbus. Embraer's stock, trading as ERJ, initially jumped but later fell 4% early Monday.