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Investors Like Boeing Q3 Results, Outlook

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Boeing Co (NYSE: BA) delivered better than expected results for the third quarter sending the stock up in pre-market trading.

  • Reported 39 percent jump in core EPS to $3.51, topped by $0.89.
  • Revenue falls 8 percent to $23.898 billion, beats by $0.258 billion.
  • Boosts core EPS outlook from $6.10 - $6.30 to $6.80 - $7.00 for the full year.
  • Revenue forecast has been revised from $93.0 - $95.0 billion to $93.5 - $95.5 billion.
  • Street is looking for an EPS of $6.34 on revenue of $94.02 billion.
  • $1 billion shares worth repurchased.

Following the news, the stock gained 1 percent to $140.50.

Posted-In: Earnings News Guidance

 

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