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More on Boeing's Q3 results

Oct. 22, 2014 8:05 AM ETThe Boeing Company (BA) StockBABy: Yoel Minkoff, SA News Editor11 Comments
  • Net income of $1.4B, or $1.86 per share vs. $1.2B, or $1.51 per share in the same quarter a year ago. Core earnings, which exclude some pension and other costs, rose to $2.14 per share from $1.80.
  • Revenues by segment: Commercial Airplanes +15%; Military Aircraft +3%; Network & Space Systems -9%; Global Services & Support -1%.
  • The company repurchased 8M shares during the quarter for $1B, leaving $5.8B remaining under the current repurchase authorization expected to be completed over approximately the next one to two years.
  • Total backlog at quarter-end was a record $490B, up from $440B at the beginning of the quarter, and included net orders for the quarter of $73B.
  • The company updated its core earnings outlook for 2014 to $8.10-$8.30 per share from a prior $7.90-$8.10.
  • Q3 results

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