Apr 26, 2017
Boeing beats Q1 expectations with US$1.45B profit
The Associated Press
CHICAGO -- Boeing Co. (BA.N) is reporting a first-quarter profit of US$1.45 billion.
The Chicago-based company said it had net income of US$2.34 per share. Earnings, adjusted for non-recurring gains, came to US$2.01 per share.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of US$1.91 per share.
The airplane builder posted revenue of US$20.98 billion in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected US$21.44 billion.
Boeing expects full-year earnings in the range of US$9.20 to US$9.40 per share.
