Embraer 1Q profit falls on higher costs

Embraer E-195. Courtesy, Embraer Embraer announced a first-quarter net income of $62.7 million, down 40.4% from the $106.3 million net income in the year-ago period (ATW Daily News, May 4, 2011). The regional jet manufacturer said increased financial expenses coupled with higher income taxes...

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