Boeing Earnings: Double-Digit Revenue Growth Elevates Shares
Boeing Co. (NYSE:BA) delivered a profit and beat Wall Street’s expectations. Shares are up 1.18%.
Boeing Co. Earnings Cheat Sheet
Results: Net income decreased -29.79% to $978 million ($1.46 per diluted share) in the quarter versus a net gain of $1.39 billion in the year-earlier quarter.
Revenue: Rose 14.04% to $22.3 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Boeing Co. reported adjusted net income of $1.46 per share. By that measure, the company beat the mean analyst estimate of $1.19.
Quoting Management: “Strong fourth-quarter operating performance capped a year of significant growth and solid execution, driving higher earnings and cash flow for our company,” said Boeing Chairman, President and Chief Executive Officer Jim McNerney…