Embraer shares up as company reports profitable quarter – Suppliers Share Wrap
Brazil’s Embraer reported a 70% improvement in net profit in 3Q2010, declaring a net result of USD98.5 million for the quarter. The manufacturer’s order backlog remains stable at USD15.3 billion, mostly due to better ordering in its commercial aviation segment. Embraer raised its operating profit forecast from USD340 million to USD380.6 million.
