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Embraer: 4Q Earnings Snapshot

SAO PAULO (AP) _ Embraer SA (ERJ) on Thursday reported a fourth-quarter loss of $18.1 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Sao Paulo-based company said it had a loss of 10 cents. Losses, adjusted for non-recurring costs, were 4 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The plane and jet manufacturer posted revenue of $1.67 billion in the period.

For the year, the company reported a loss of $178.2 million, or 97 cents per share, swinging to a loss in the period. Revenue was reported as $5.07 billion.

Embraer shares have fallen 11 percent since the beginning of the year.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ERJ at https://www.zacks.com/ap/ERJ