Boeing beats on earnings and raises its full-year forecast
Boeing beats on earnings and raises its full-year forecast. Boeing on Wednesday reported a higher-than-expected quarterly profit and raised its full-year forecast for earnings per share and cash flow, boosted by strong demand for air travel. Shares of the world's biggest planemaker rose more than 2% in premarket trading.
Boeing, which sold a record 763 aircraft last year and has already announced a rise in commercial deliveries in the first three months of the year, raised its full-year operating cash flow forecast to $15.0B - $15.5B from about $15B, previously. The company also increased its 2018 core earnings per share forecast to $14.30-14.50 from its previous projection of $13.80-$14.00. Read more here.
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