SAO JOSE DOS CAMPOS, Brazil (AP) — SAO JOSE DOS CAMPOS, Brazil (AP) — Embraer SA (ERJ) on Tuesday reported first-quarter earnings of $28.7 million.
The Sao Jose Dos Campos, Brazil-based company said it had net income of 16 cents per share. Losses, adjusted for non-recurring gains, were 7 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.
The plane and jet manufacturer posted revenue of $896.6 million in the period.
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