Embraer's fourth quarter profit falls sharply from year ago
SAO PAULO, March 4 (Reuters) - Brazil's Embraer SA , the world's third-largest commercial planemaker, said on Wednesday that fourth-quarter net income fell 60 percent from a year earlier to 242 million Brazilian reais ($81 million), according to a securities filing.
Embraer's profit missed an average forecast of $163 million in a Reuters poll of analysts. Analysts gave their forecasts in U.S. dollars but Embraer initially reported earnings in Brazilian reais.
($1 = 2.98 Brazilian reais) (Reporting by Brad Haynes; Editing by Chris Reese)
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