Embraer Posts $61.7 Million Net Loss In 1Q
Embraer reported a $61.7 million first-quarter net loss, a reversal from the $110.6 million net profit 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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