Brazil's Embraer fourth-quarter profit more than doubles

SAO PAULO Wed Feb 26, 2014 5:12am EST

SAO PAULO Feb 26 (Reuters) - Brazil's Embraer SA , the world's third-largest commercial planemaker, said on Wednesday that fourth-quarter net income more than doubled from a year earlier to 607 million reais ($260 million), according to a securities filing.

Analysts had forecast profit of $213 million on average in a Reuters survey published on Tuesday. Analysts gave their estimates in U.S. dollars, but Embraer initially reported earnings in Brazilian reais.