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Boeing gets lift after raising forecasts

Oct. 26, 2016 7:58 AM ETThe Boeing Company (BA) StockBABy: Yoel Minkoff, SA News Editor3 Comments
  • Core operating earnings of $2.19B, or $3.51 per share vs. $2.63B, or $2.52 per share in the same quarter a year ago.
  • Revenue by segment: Commercial Airplanes -4%; Military Aircraft -19%; Network & Space Systems -20%; Global Services & Support +17%.
  • Commercial Airplanes booked 107 net orders during Q3. Total company backlog at the end of Q3 was $462B, or 5,600 planes.
  • During the quarter, the company repurchased 7.6M shares for $1B and paid $700M in dividends.
  • Raised outlook for 2016: Core EPS of $6.80-$6.70 (from $6.10-$6.30); Revenues of $93.5B-$95.5B (from $93B-$95B); Commercial deliveries of 745-750 planes (from 740-745).
  • BA +1.6% premarket
  • Q3 results

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