Brazil's Embraer posts 320 million reais net profit

jueves 31 de julio de 2014 06:27 GYT
 

SAO PAULO, July 31 (Reuters) - Brazil's Embraer SA , the world's biggest regional jet maker, on Thursday reported second-quarter net income of 320 million reais ($142 million), up from a year-earlier net loss of 10 million reais.

Earnings before interest, taxes, depreciation and amortization rose 36 percent to 583 million reais ($260 million).

Analysts on average had forecast net income of $116 million and EBITDA of $238 million in a Reuters survey. They gave estimates in U.S. dollars, but Embraer initially reported earnings in Brazilian reais.

($1 = 2.25 Brazilian reais) (Reporting by Brad Haynes and Guillermo Parra-Bernal; Editing by Lisa Von Ahn)