Embraer reported a third-quarter net loss of $10.7 million, reversed from a net profit of $52.9 million in the prior-year period, blaming taxes for the deficit. The Brazilian aircraft manufacturer said its net result was hurt by a $77.1 million tax expense that more than tripled a tax expense of $25.3 million in the 2013 September quarter. It said the higher taxes were “largely” owing to “foreign exchange variation in the period.” However, third-quarter revenue ...

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