Boeing tops expectations, raises guidance

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

Core operating earnings of $2.6B, or $2.52 per share vs. $2.4B, or $2.14 per share in the same quarter a year ago.

Revenue by segment: Commercial Airplanes +10%; Military Aircraft +15%; Network & Space Systems +5%; Global Services & Support -8%.

Commercial Airplanes booked 166 net orders during Q3. Total backlog remains strong with nearly 5,700 planes valued at $426B.

During the quarter, the company began final assembly and achieved power-on of the first 737 MAX airplane and completed firm configuration for the 777X (which is on schedule for first delivery in 2020).

The company also repurchased 11M shares for $1.5B during Q3, totaling 41M in share repurchases for $6B YTD.

Core earnings per share guidance for 2015 has now been adjusted to between $7.95-$8.15 per share, from $7.70-$7.90. The revenue forecast for 2015 has been raised to $95B-$97B, from $94.5B-$96.5B.

BA +3.1% premarket

Q3 results

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