03-Aug-2009 1:05 PM
Embraer surges on better results and stable outlook
Analysis
Embraer's shares rose 6.4% last Friday, after a 6.1% increase the previous day, as the Brazilian aircraft manufacturer's results for 1H2009 beat earnings forecasts and it reaffirmed its full year guidance. Embraer's shares finished the week up 8% overall, hitting a two-month high, but have underperformed Brazil's Bovespa index for most of the year.
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