UPDATE: Boeing Posts Higher Q4 Profit, Issues Weak 2014 Forecast

Boeing Co BA reported a rise in its fiscal fourth-quarter profit. Boeing's quarterly profit surged to $1.23 billion, or $1.61 per share, versus a year-ago profit of $978 million, or $1.28 per share. Its adjusted earnings surged 29% to $1.88 per share. Its total revenue jumped to $23.79 billion versus $22.30 billion. However, analysts were estimating earnings of $1.58 per share on revenue of $22.64 billion. For 2014, Boeing projects adjusted earnings of $7.00 to $7.20 per share on revenue of $87.5 billion to $90.5 billion. Analysts expected earnings of $7.57 per share on revenue of $92.72 billion. Boeing shares fell 1.52% to $135.00 in pre-market trading.