July 25, 2013 / 11:15 PM / in 4 years

Brazil's Embraer posts unexpected net loss in second quarter

SAO PAULO, July 25 (Reuters) - Brazil’s Embraer SA , the world’s third-largest commercial planemaker, posted a second-quarter net loss of 10 million reais ($4.5 million), down from a profit of 62 million reais a year earlier, according to a Thursday securities filing.

The result missed an average estimate of an $88 million profit in a Reuters survey of seven analysts. Analysts gave their estimates in dollars, but Embraer’s initial earnings report was in Brazilian reais.

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