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All Posts Term: Boeing
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Boeing Has A Strong Third Quarter

Boeing

A positive earnings report for the 3rd quarter and some positive guidance boosted Boeing (BA) stock today by near 2%. Commercial place deliveries provided for a revenue surprise of $25.85 billion. A 7% increase from the prior year period. The new earnings guidance came in above the range of $7.7-7.9 a share at $7.95-8.15.

Profit popped 25% and the company reduced costs on its 787 Dreamliner that many analyst have been pushing for. The company has a backlog of 5700 jets which is a good number of orders that should keep revenue solid going forward. Other worries include the closing of the import-export bank and slowing demand from emerging markets. The company did not feel these issues would be enough to offset current positive trends.

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