Embraer SA ERJ incurred third-quarter 2020 adjusted loss of 81 cents per American Depository Share (ADS), wider than the Zacks Consensus Estimate of a loss of 47 cents and the year-ago quarter loss of 26 cents.Including one-time items, the company incurred a GAAP loss of 66 cents per share compared with a loss of 42 cents in the year-ago quarter.RevenuesEmbraer’s third-quarter revenues came in at $758.7 million, down 35.5% year over year. The decline was due to lower revenues in each of the company’s segments, except for Defense & Security.Order and DeliveryEmbraer delivered a total of 28 jets in the reported quarter, down 36.4% year over year. The company delivered 7 commercial and 21 executive (19 light and 2 large) jets during the third quarter compared with 17 commercial and 27 executive (15 light and 12 large) jets in third-quarter 2019.Embraer’s backlog at the end of the third quarter was $15.1 billion, down from $16.2 billion a year ago.Operational HighlightsIn the third quarter, the company’s cost of sales and services totaled $703.9 million, down from $1,021.2 million in the prior-year quarter.Also, Embraer’s gross profit slumped 64.5% year over year to $54.8 million.Segment ResultSegment-wise, revenues in the Commercial Aviation segment were $177.2 million, which declined 56.5% on a year-over-year basis due to lower deliveries in the current quarter.Revenues at the Executive Jets segment were $212.3 million, down 41.5% year over year on lower deliveries in third-quarter 2020.Revenues at the Defense & Security segment were $154.7 million, up 47.3% from the figure reported in the third quarter of 2019, led by growth across several platforms, including the KC-390 and Super Tucanos.Revenues at the Services & Support segment were $212.9 million, which plunged 28.4% year over year.EmbraerEmpresa Brasileira de Aeronautica Price, Consensus and EPS Surprise EmbraerEmpresa Brasileira de Aeronautica price-consensus-eps-surprise-chart | EmbraerEmpresa Brasileira de Aeronautica QuoteFinancial UpdateAs of Sep 30, 2020, the company’s cash and cash equivalents amounted to $1,701.1 million compared with $2,307.7 million as of Dec 31, 2019.Embraer had net debt of $2,365.1 million as of Sep 30, 2020, up from $612.4 million as of Dec 31, 2019.Adjusted net cash used in operating activities was $1,883 million at the end of third-quarter 2020 against net cash outflow of $115.7 million at the end of third-quarter 2019.GuidanceDue to the uncertainty related to the impact of COVID-19, Embraer has kept its 2020 guidance suspended for the time being.Zacks RankEmbraer carries a Zacks Rank #5 (Strong Sell).Recent Defense ReleasesLockheed Martin LMT, a Zacks Rank #3 (Hold) company, reported third-quarter 2020 earnings from continuing operations of $6.25 per share, which surpassed the Zacks Consensus Estimate of $6.07 by 3%. You can see the complete list of today’s Zacks #1 Rank stocks here.The Boeing Company BA, a Zacks Rank #3 company, incurred adjusted loss of $1.39 per share for third-quarter 2020, narrower than the consensus estimate of a loss of $2.33.General Dynamics GD, also a Zacks Rank #3 company, reported third-quarter 2020 earnings from continuing operations of $2.90 per share, which beat the Zacks Consensus Estimate of $2.85 by 1.8%.The Hottest Tech Mega-Trend of AllLast year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 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 The Boeing Company (BA): Free Stock Analysis Report General Dynamics Corporation (GD): Free Stock Analysis Report Lockheed Martin Corporation (LMT): Free Stock Analysis Report EmbraerEmpresa Brasileira de Aeronautica (ERJ): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research