Tags: Earns | Boeing

Boeing Cuts Delivery Forecast as Profit Soars 31%

Wednesday, 26 Oct 2011 08:09 AM

Boeing says it won't deliver as many of its new 787s this year as it previously expected, even as it delivered a third-quarter profit that was well above expectations.

Boeing now says it will deliver 15 to 20 of the new 787s and 747-8s. Previously, it had said it would deliver 25 to 30 of the planes. Boeing delivered the first 787 last month and the plane carried its first passengers on Wednesday.

Boeing earned $1.1 billion for the quarter ended Sept. 30. That's up 31 percent from the same period last year. The profit of $1.46 per share was far above the $1.10 per share expected by analysts surveyed by FactSet. Revenue rose 4 percent to $17.7 billion.

Boeing raised its full-year guidance to $4.30 to $4.40 per share.

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Boeing says it won't deliver as many of its new 787s this year as it previously expected, even as it delivered a third-quarter profit that was well above expectations.Boeing now says it will deliver 15 to 20 of the new 787s and 747-8s. Previously, it had said it would...
Earns,Boeing
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2011-09-26
Wednesday, 26 Oct 2011 08:09 AM
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