Boeing raises outlook after strong earnings increase


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

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Comments (2)
  • stockpicker99
    , contributor
    Comments (105) | Send Message
     
    I am confused to see the stock is down 2% whereas outlook looks very positive. Is there any disconnect?
    23 Jul 2014, 02:04 PM Reply Like
  • savage22
    , contributor
    Comment (1) | Send Message
     
    ba just killin time....140 by year end.
    23 Jul 2014, 02:36 PM Reply Like
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