Arab Today, arab today boeing profits up on higher commercial deliveries
Last Updated : GMT 00:35:33
Arab Today, arab today
Arab Today, arab today

Boeing profits up on higher commercial deliveries

Arab Today, arab today

Arab Today, arab today Boeing profits up on higher commercial deliveries

Boeing delivered 186 commercial jets in the third quarter of 2014
New York - AFP

 US aerospace giant Boeing reported higher quarterly earnings on Wednesday and raised its full-year profit forecast for the third quarter in a row on increased commercial aircraft deliveries.
Earnings for the third quarter came in at $1.36 billion, up 17.6 percent from the year-ago period.
Key drivers included a jump to 186 commercial aircraft deliveries, up from 170 in the 2013 period. Boeing booked 501 net orders during the quarter, with Irish carrier Ryanair signing a deal for 100 Boeing 737 jets.
In its government-oriented defense, space and security segment, Boeing scored higher profits in its military aircraft unit, in part due to increased deliveries of the P-8 vehicle developed for the US Navy.
But revenues fell in the government satellite and global services businesses.
Boeing raised its full-year profit forecast to $8.10-$8.30 per share "core" earnings from the prior range of $7.90-$8.10.
"With three solid quarters behind us and confidence in our ongoing performance, we are increasing our earnings per share outlook for 2014," said chief executive Jim McNerney.
The third-quarter results translated core profits of $2.14 per share, much above the $1.98 forecast by analysts.
Revenues rose 7.5 percent to $23.78 billion, more than the $23.02 billion projected by analysts.
Boeing shares dipped 0.1 percent to $127 in pre-market trade.

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