Embraer S.A.’s (NYSE:ERJ) first quarter of 2012 earnings per ADS came in at 35 cents, missing the Zacks Consensus Estimate of 42 cents. This also compared unfavorably with earnings of 58 cents in the year-ago quarter. .
The tapered earnings is attributable to heavier tax burden alongside rising labor costs, partially offset by a strong mix of deliveries during the quarter.
Net revenue in the quarter was $1155.9 million, up 9.5% year over year, driven by delivery of 21 commercial … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards