Embraer S.A (ERJ) Monday reported first-quarter profit of $30.0 million or $0.17 per share, down from $104.6 million or $0.58 per share in the same period last year.
On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.40 per share for the quarter. Analysts' estimates typically exclude special items.
EBIT totaled $39.6 million, compared to $85.6 million last year. EBIT margin dropped to 3.6 percent from 7.4 percent last year.
EBITDA dropped to $100 million from $148.0 million last year. EBITDA margin was 9.2 percent, compared to 12.8 percent last year.
Revenues totaled $1.09 billion, down from $1.15 billion last year. Analysts expected revenues of $1.16 billion.
For comments and feedback: editorial@rttnews.com