Embraer SA ERJincurred a loss of 13 cents per share in first-quarter 2018 results, wider than the Zacks Consensus Estimate of a loss of a penny. The company delivered earnings of 13 cents in the year-ago quarter.
Barring one-time items, the company posted GAAP loss of 7 cents per share compared with the loss of 29 cents in the prior-year quarter.
Revenues
Embraer’s first-quarter revenues came in at $992 million, missing the Zacks Consensus Estimate of $1,121 million by 11.5%. The top line also declined 4.8% year over year primarily on account of lower revenues in the Commercial Aviation and Executive Jets segments.