Boeing reports profit, raises outlook, shares up
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Boeing Co.  on Wednesday  reported a higher-than-expected second-quarter profit compared  with a year-ago loss, and raised its full-year forecast as it  ramped up delivery of its hot-selling commercial planes and  defense sales remained strong.
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The aviation-electronics company's shares are rising -- along with its profit projections.
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U.S. stocks rose on Friday as a report showing stronger-than-expected job growth boosted optimism about the outlook for profits.
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The Nasdaq composite index rose on Thursday as a reassuring profit and outlook from Oracle Corp and a higher earnings forecast from Qualcomm Inc added to optimism about technology stocks.
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Burgeoning military sales lifted Boeing Co. to a 78 percent increase in third-quarter profits, its bottom line thriving despite the ethics scandals that have roiled the aerospace giant for the past year.
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The company said quarterly profit would be higher than analystsâ estimates and it raised its full-year outlook as exchange rates and price and volume increases offset high commodity costs.
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Boeing Co.  said on Wednesday  fourth-quarter profit more than doubled, as it delivered more  commercial aircraft than in the year-earlier quarter.
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CHICAGO -- Boeing Co., the world's No. 2 commercial airplane maker, said Wednesday that it posted its best profit in nearly four years as its third-quarter earnings climbed 61 percent because of higher commercial airplane deliveries and growth in its defense business.
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NEW YORK (Dow Jones)--Boeing Co. (BA) shares rose 0.3% to $52.25 in the premarket trading session Thursday after Continental Airlines Inc.
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Diversified manufacturer Honeywell International Inc  said quarterly profit rose nearly 18 percent, with sales up across all its units, sparking a 4.6 percent rise in its shares on Friday.
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Diversified manufacturer United Technologies Corp  said on Wednesday quarterly profit rose 23 percent, boosted by strong demand from the aviation and commercial construction markets, and affirmed its 2008 outlook.
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U.S. stocks climbed on Wednesday,  helped by better-than-expected earnings from Google Inc.  GOOG.O and Boeing Co. BA.N, but some investors were  cautious ahead of remarks from the Federal Reserve that would  signal the pace of future interest rate hikes.
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Boeing Co. BA.N on Wednesday posted  an 84 percent drop in quarterly profit on charges related to  two aircraft programs, but it beat forecasts and painted a rosy  future for commercial jet orders through 2006.
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U.S. blue chips rose on Wednesday, as earnings by aircraft manufacturer Boeing Co.  beat forecasts and a robust report on economic growth reinforced optimism for the corporate profit outlook.
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Diversified manufacturer United  Technologies Corp. UTX.N on Friday said quarterly profit rose  10.5 percent on improved aerospace demand and strong growth in  its Otis elevator business.
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British Airways PLC said Monday that net profit rose by 25.5 percent over the latest quarter and that passenger numbers also rose.
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Boeing Co.  has raised prices on its commercial planes by almost 6 percent on average, as the cost of its raw materials increases.