Boeing Earnings: Here’s Why the Stock is Rising Now

Boeing Co. (NYSE:BA) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.13%.

Boeing Co. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 31.5% to $1.67 in the quarter versus EPS of $1.27 in the year-earlier quarter.

Revenue: Rose 9.05% to $21.82 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Boeing Co. reported adjusted EPS income of $1.67 per share. By that measure, the company beat the mean analyst estimate of $1.58. It beat the average revenue estimate of $20.78 billion.

Quoting Management: “Continued strong core operating performance drove higher earnings, revenue and operating cash flow during the quarter, and we returned significant value to shareholders through share repurchases and increased dividends,” said Boeing Chairman, President and CEO Jim McNerney. “We also further strengthened our market-leading position in commercial airplanes with the successful launch of the 787-10 and $40 billion of new orders, while our defense, space and security business delivered improved margins and market share in a tough market. Overall, our strong first-half performance and positive outlook allows us to raise our 2013 earnings and revenue guidance, and our team remains intensely focused on execution, productivity and quality to meet our customer commitments and further drive growth.”

Key Stats (on next page)…

Revenue increased 15.47% from $18.89 billion in the previous quarter. EPS decreased 3.47% from $1.73 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 $1.61 to a profit $1.57. For the current year, the average estimate has moved up from a profit of $6.36 to a profit of $6.51 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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