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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Boeing Earnings Rise 0 comments
    Jul 23, 2014 11:53 AM | about stocks: BA

    Originally published at www.seclive.com

    The Boeing Company (NYSE:BA) announced its second quarter financial results for fiscal year 2014, posting improved performance from last year. The aerospace company saw revenue increase 1.1% to $2.01B while earnings improved from the year-ago $1.09B and $1.41 per share to $1.65B and $2.24 per share. Boeing's defense, space, and security segment saw a 5.4% dip in revenue, with a greater dip of 25% in operating earnings, attributed to tighter defense spending. The company is performing well in aircraft delivery, delivering 181 jets during the quarter, an increase of 7.1% from a year ago. Boeing expects to deliver a record number of aircraft during the year and exceed expectations. The company raised its earnings expectations from the previously issued range between $7.15 and $7.35 per share to between $7.90 and $8.10 per share.

    Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: BA
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