Boeing: fourth-quarter profit rises on record deliveries
(CercleFinance.com) - Boeing said fourth-quarter profit rose to 3.
1 billion dollars, or 5.18 dollar per share, from 1.6 billion, or 2.59 per share, a year earlier, on the back of record deliveries.
On a non-GAAP basis, core EPS reached 4.80 dollars, while the Wall Street consensus was expecting just 2.89 dollars.
The company reported fourth-quarter revenue that is up 9% at 25.4 billion dollars, with a record 209 commercial aircraft delivered over the quarter.
For the full year, Boeing issued a revenue guidance of between 96 billion and 98 billion dollars, compared with 93.4 billion dollars in 2017, and core EPS of between 13.80 dollars and 14 dollars.
The results and forecasts sent Boeing shares up 6% in pre-market trading today.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
1 billion dollars, or 5.18 dollar per share, from 1.6 billion, or 2.59 per share, a year earlier, on the back of record deliveries.
On a non-GAAP basis, core EPS reached 4.80 dollars, while the Wall Street consensus was expecting just 2.89 dollars.
The company reported fourth-quarter revenue that is up 9% at 25.4 billion dollars, with a record 209 commercial aircraft delivered over the quarter.
For the full year, Boeing issued a revenue guidance of between 96 billion and 98 billion dollars, compared with 93.4 billion dollars in 2017, and core EPS of between 13.80 dollars and 14 dollars.
The results and forecasts sent Boeing shares up 6% in pre-market trading today.
Copyright (c) 2018 CercleFinance.com. All rights reserved.