Boeing raises outlook after strong earnings increase

|About: The Boeing Company (BA)|By:, SA News Editor

Boeing (BA -1.9%) raised its earnings guidance for the year after reporting strong net earnings that rose 52% to $1.65B from $1.1B Y/Y.

The increase triggered the aircraft-maker to lift its full-year earnings estimate to $7.90 to $8.10 a share, from its earlier view of $7.15 to $7.35.

Many factors contributed to the company's strong performance including high demand for the aerospace giant's jetliners, aggressive cost-cutting and $408M in tax benefits.

Jet deliveries increased 7.1% Q/Q, delivering 181 planes vs. 169 in Q1.

Operating cash flow in Q2 dropped 48% to $1.81B due to the company's commercial airplane production rates and timing of receipts.

Q2 earnings