Embraer misses 4Q profit forecasts

SAO PAULO (AP) _ Embraer SA (ERJ) on Thursday reported fourth-quarter earnings of $35.2 million.

The Sao Paulo-based company said it had net income of 19 cents per share. Earnings, adjusted for non-recurring costs, came to 32 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.

The plane and jet manufacturer posted revenue of $1.73 billion in the period.

For the year, the company reported profit of $246.8 million, or $1.35 per share. Revenue was reported as $5.84 billion.

Embraer shares have increased nearly 10 percent since the beginning of the year.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ERJ at https://www.zacks.com/ap/ERJ