Boeing beats 2Q profit forecasts

on Jul26

26 July 2017 | 1:49 pm

Boeing is reporting second-quarter net income of $1.76 billion, after suffering a loss a year earlier.

The Chicago company had net income of $2.89 per share. Earnings, adjusted for non-recurring gains, were $2.55 per share, blowing past the per-share forecast of $2.32 from industry analysts, according to a poll by Zacks Investment Research.
The airplane builder posted revenue of $22.74 billion.

Boeing expects full-year earnings in the range of $9.80 to $10 per share, with revenue of $90.5 billion to $92.5 billion.

Shares of Boeing Co. have risen 36 percent since the beginning of the year.

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