22-Oct-2010 4:51 PM
Safran shares jump on solid third quarter result, Boeing gets 50 orders – Suppliers Share Wrap
Analysis
French aerospace group Safran's shares closed 5.5% higher, following the company's better than expected 3Q2010 result. The company's revenue rose 8.8% in the quarter, mostly as a result of acquisitions, although its aerospace propulsion business - accounting for more than half of total revenue - saw sales fall 1.1%.
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