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Brazilian planemaker Embraer's profit falls 10 percent
October 31, 2013 / 10:13 AM / 4 years ago

Brazilian planemaker Embraer's profit falls 10 percent

SAO PAULO, Oct 31 (Reuters) - Brazil’s Embraer SA , the world’s third-largest commercial planemaker, said on Thursday that third-quarter earnings fell 10 percent from a year earlier to 118.7 million reais ($54 million), according to a securities filing.

Analysts on average had forecast a profit of $75 million in a Reuters survey published on Wednesday. Analysts gave their estimates in U.S. dollars, but Embraer initially reported earnings in Brazilian reais.

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