Embraer posts $61.7 million net loss in 1Q

Credit: Courtesy, Embraer
Embraer reported a $61.7 million net loss in the first quarter, reversed from a net profit of $110.6 million in the year-ago quarter. The Brazilian manufacturer attributed the loss mostly to income tax expenses of $118 million. First-quarter revenue was down 14.5% to $1.06 billion, compared to $1.24...

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