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Boeing Earnings Rise

|Includes:The Boeing Company (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.

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Stocks: BA