Brazil's Embraer Swings To Profit In Q4

By RTT News,  March 13, 2013, 01:17:00 AM EDT


(RTTNews.com) - Brazilian aircraft manufacturer Embraer-Empresa Brasileira De Aeronautica SA ( ERJ ) Tuesday reported fourth-quarter net income attributable to Embraer Shareholders of $123.2 million or $0.6797 per ADS compared to a loss of $91.8 million or $0.5072 per ADS last year.

Revenues for the quarter declined to $1.90 billion compared to $2.025 billion last year.

Analysts polled by Thomson Reuters expected earnings of $0.87 per share and sales of $1.88 billion for the quarter. Analysts' estimates typically exclude one-time items.

For comments and feedback: contact editorial@rttnews.com

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This article appears in: News Headlines

Referenced Stocks: ERJ, TRI



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