UPDATE: Boeing Posts 12% Rise In Q3 Profit, Lifts Outlook

UPDATE: Boeing Posts 12% Rise In Q3 Profit, Lifts Outlook

Boeing Co (NYSE: BA) reported a 12% rise in its third-quarter profit.

Boeing’s quarterly profit surged to $ 1.2 billion, or $ 1.51 per share, versus a year-ago profit of $ 1.0 billion, or $ 1.35 per share. Its adjusted earnings rose to $ 1.80 per share from $ 1.55 per share.

Its revenue climbed to $ 22.1 billion from $ 20.0 billion. However, analysts were estimating earnings of $ 1.51 per share on revenue of $ 21.7 billion.

Boeing lifted its full-year earnings forecast to a range of $ 5.40 to $ 5.55 per share, versus its previous outlook of $ 5.10 to $ 5.30 per share.

Boeing shares gained 3.34% to $ 126.57 in pre-market trading.

Posted-In: profitEarnings News Guidance


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