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Embraer shares slip on weak 3Q2010 deliveries – Suppliers Share Wrap

Embraer shares dropped 3.1%, following the announcement that it delivered 44 aircraft in 3Q2010, 23% down on the same period last year and well under analyst forecasts. The share price decline comes on top of a 4.2% retreat yesterday.

Other aircraft manufacturer share prices also declined, with Boeing losing 0.2% and EADS down 1.8%. Bombardier shares were flat.

MTU Aero Engines shares rose 3.8%. Société Générale raised its recommendation on the company to buy. The shares have slipped 15% over the past three months.

Selected Original Equipment Manufacturers daily share price movements (% change): 14-Oct-2010

Selected Aviation Suppliers & Leasing daily share price movements (% change): 14-Oct-2010