SAO PAULO, March 9 Brazil's Embraer SA
, the world's third-largest commercial planemaker,
reported on Thursday a 52 percent rise in its fourth-quarter net
income to 648 million reais ($205 million).
Earnings before interest, taxes, depreciation and
amortization rose to 1.258 billion reais, more than double the
result for the same period a year ago, when a bankruptcy filing
by a major client incurred a provision charge of 391 million
Analysts had forecast net income of $132 million and EBITDA
of $260 million on average, according to Thomson Reuters data.
Analysts gave their estimates in U.S. dollars, but Embraer
initially reported earnings in Brazilian reais.
($1 = 3.16 reais)
(Reporting by Brad Haynes; Editing by Greg Mahlich)