boeing q2 profit climbs lifts 2012 forecast
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Boeing Q2 profit climbs, lifts 2012 forecast

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Arab Today, arab today Boeing Q2 profit climbs, lifts 2012 forecast

New York - AFP

US aerospace giant Boeing reported Wednesday that profit rose three percent in the second quarter, boosted by strong commercial aircraft deliveries, and lifted its full-year forecast. Boeing posted net income of $967 million for the April-June period, compared with $941 million a year ago. Earnings per share rose two percent, to $1.27, reflecting a strong core performance that more than offset higher pension expense, the Chicago-based company said. EPS was well above market expectations of $1.12. Revenues leaped 21 percent, to $20.0 billion. Boeing raised its 2012 forecasts to EPS between $4.40 and $4.60, and revenues to $79.5-81.5 billion. \"Commercial airplane deliveries increased 27 percent in the second quarter, and our defense, space and security business also produced higher revenues and strong margins in a difficult market environment,\" said Jim McNerney, Boeing chairman, president and chief executive. \"As a result of this solid first-half performance, we have strengthened our outlook for the year.\"

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