Embraer reported a consolidated first-quarter 2017 net profit of $44.4 million, down 58.1% from the Brazilian manufacturer’s $106 million net profit in 1Q 2016. The company recorded $1.03 billion in consolidated first-quarter revenue, down 21.6% from $1.3 billion in the year-ago quarter. Operating expenses declined 16.8% year-over-year (YOY) to $871.8 million. Gross profit for the quarter totaled $154.5 million, down 40.9% from $261.3 million in 1Q 2016. Embraer said its revenue ...

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