Embraer swings to $69.5 million 2Q net profit; E2 testing progressing

Credit: Embraer
Embraer earned a net profit of $69.5 million in the 2017 second quarter, reversed from a net loss of $101.5 million the 2016 June quarter, as revenue increased 28.6% year-over-year (YOY) to $1.8 billion. The Brazilian manufacturer’s second-quarter expenses increased 36.4% YOY to $1.5 billion and...

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