Wednesday, May 9, 2007

UPDATE 1-EADS Q1 earnings plunge on Airbus restructuring

(Reuters) - The group, whose profits slumped last year on the back of a weak dollar and industrial problems at Airbus, said earnings before interest and tax dropped to 89 million euros from 791 million in the year-ago quarter.

The Airbus unit posted an operating loss of 69 million euros, down from a profit of 684 million euros in the first quarter last year.


Read more at Reuters.com Market News

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