Courtesy of Benzinga.
Boeing Co (NYSE: BA) reported better-than-expected first-quarter profit.
Boeing’s quarterly profit declined to $965 million, or $1.28 per share, from a year-ago profit of $1.11 billion, or $1.44 per share. Its adjusted earnings surged to $1.76 per share compared to $1.73 per share.
Its revenue climbed to $20.47 billion versus $18.89 billion. However, analysts were projecting earnings of $1.57 per share on revenue of $20.24 billion.
For the full year, Boeing expects adjusted earnings of $7.15 to $7.35 per share.
Boeing shares rose 1.92% to $130.00 in pre-market trading.
