Embraer quarterly profit surges past forecasts

miércoles 30 de abril de 2014 06:47 GYT

SAO PAULO, April 30 (Reuters) - Brazil's Embraer SA , the world's third-largest commercial planemaker, posted first-quarter net income of $111 million, up from $30 million a year earlier, according to a Wednesday securities filing.

Profit beat an average forecast of $48 million in a Reuters survey of analysts. Earnings before interest, taxes, depreciation and amortization rose 50 percent to $151 million, beating an average estimate of $133 million. (Reporting by Brad Haynes and Roberta Vilas Boas)