Boeing Co. (BA) Beats the Street
Boeing Co. said Wednesday that it earned $1.1 billion in the second quarter, compared with a year-ago loss, as it continues to build momentum against European rival Airbus.
For the quarter ending June 30, the Chicago-based airplane maker said it earned $1.35 per share. That's compared with losses of $160 million, or 21 cents a share, the year before when the company was bogged down by the legal costs of a government investigation.
Second-quarter revenue climbed 14 percent to $17 billion, from $15 billion, easily beating Wall Street expectations.
On average, analysts surveyed by Thomson Financial forecast earnings per share of $1.16 and $16.2 billion in revenue for the Chicago-based company during the April to June period.
For the quarter ending June 30, the Chicago-based airplane maker said it earned $1.35 per share. That's compared with losses of $160 million, or 21 cents a share, the year before when the company was bogged down by the legal costs of a government investigation.
Second-quarter revenue climbed 14 percent to $17 billion, from $15 billion, easily beating Wall Street expectations.
On average, analysts surveyed by Thomson Financial forecast earnings per share of $1.16 and $16.2 billion in revenue for the Chicago-based company during the April to June period.
Labels: BA, Boeing Co.
posted by Stock Administrator @ 8:15 AM
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