Embraer 2013 Profit Declines - Quick Facts

(RTTNews) - Embraer S.A. (ERJ) reported full year 2013 net income to shareholders of $342.0 million, compared to $347.8 million, prior year. Basic earnings per ADS was $1.8764, compared to $1.9188 prior year. Adjusted net income increased to $534.6 million, from $423.1 million.

On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of $1.78 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased year-over-year to $6.23 billion, from $6.17 billion, prior year. Analysts expected the company to report revenue of $6.12 billion, for the quarter. For 2014, the company expects net revenues of $6.0 billion to $ 6.5 billion, driven by growth in the Defense & Security segment and expected deliveries of 92 to 97 jets in the Commercial Aviation segment and 25 to 30 large jets and 80 to 90 light jets in the Executive Jets segment. Analysts expect the company to report fiscal 2014 revenues of $6.51 billion.