SAO PAULO (AP) — SAO PAULO (AP) — Embraer SA (ERJ) on Tuesday reported profit of $73.4 million in its first quarter.
On a per-share basis, the Sao Paulo-based company said it had net income of 40 cents.
The plane and jet manufacturer posted revenue of $1.1 billion in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $1.11 billion.
Embraer expects full-year revenue in the range of $7 billion to $7.5 billion.
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