Boeing Earnings: Double-Digit Revenue Growth Elevates Shares

Boeing Co. (NYSE:BA) delivered a profit and beat Wall Street’s expectations. Shares are up 1.18%.

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Boeing Co. Earnings Cheat Sheet

Results: Net income decreased -29.79% to $978 million ($1.46 per diluted share) in the quarter versus a net gain of $1.39 billion in the year-earlier quarter.

Revenue: Rose 14.04% to $22.3 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Boeing Co. reported adjusted net income of $1.46 per share. By that measure, the company beat the mean analyst estimate of $1.19.

Quoting Management: “Strong fourth-quarter operating performance capped a year of significant growth and solid execution, driving higher earnings and cash flow for our company,” said Boeing Chairman, President and Chief Executive Officer Jim McNerney…