Embraer earned third-quarter net income of $1.9 million, significantly reduced from a $126.1 million net profit posted in the year-ago period. The Brazilian aircraft manufacturer said the drop was "primarily as a result of deferred income taxes generated by the appreciation of the US dollar during the period." Adjusted net income, excluding these taxes, was $125.7 million, which is nearly double net income of $64.7 million earned on a similar basis in the 2010 third quarter. It ...

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