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Why Embraer Stock Is Down Today

Why Embraer Stock Is Down Today

Embraer (NYSE: ERJ) lost more money in the first quarter of 2023 than it did in the same three months of 2023. Investors reacted poorly to the results, sending shares of the aircraft manufacturer down as much as 10% on Thursday. The first quarter is typically the slowest for Embraer, and 2023 proved to be no exception.