Embraer announced a first-quarter net income of $62.7 million, down 40.4% from the $106.3 million net income in the year-ago period.
Embraer E-195. Courtesy, Embraer Embraer announced a first-quarter net income of $62.7 million, down 40.4% from the $106.3 million net income in the year-ago period (ATW Daily News, May 4, 2011). The regional jet manufacturer said increased financial expenses coupled with higher income taxes contributed to the poorer results. Revenues increased to $1.16 billion, compared to $1.06 billion in the year-ago quarter. EBIT fell to $85.7 million from $94.3 million. A 10% increase in ...
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