Brazilian manufacturer Embraer reported a consolidated net profit of $106 million for the 2016 first quarter, reversing its $58.9 million net loss in 1Q 2015. Embraer’s first-quarter consolidated revenues were $1.31 billion, up 23.9% year-over-year (YOY); operating expenses in the first-quarter were $1.05 billion, up 30.1% YOY. The company’s first-quarter operating profit was $261.3 million, up 4.4% YOY. The company attributed its revenue growth during the quarter to higher ...

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