Embraer 190. Courtesy, Embraer. Embraer reported first-quarter net income of $106.3 million under IFRS accounting standards, an almost fourfold increase from a $27 million profit in the year-ago period. The company noted the earnings increase in part was owing to an income tax benefit of $2.6 million in the 2011 first-quarter compared to a tax liability of $50.1 million in the year-ago quarter. First-quarter revenue increased 6.4% to $1.06 billion. EBIT rose almost 33% to $94.3 ...

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