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…

…In a year of considerable achievement, Boeing was the commercial aviation market leader for both orders and deliveries, with more than 600 airplanes delivered, including the first three Charleston–built 787 Dreamliners.  Significant new international orders for Defense, Space & Security and more than 900 orders for the 737 MAX also contributed to our record company backlog.”

Key Stats:

Revenue increased 11.46% from $20.01 billion in the previous quarter. Net income decreased 5.23% from $1.03 billion in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.24 to a profit $1.19. For the current year, the average estimate has moved up from a profit of $4.89 to a profit of $5.01 over the last ninety days.

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(Company fundamentals provided by Xignite Financials.)