Boeing ups outlook on profit rise
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US aerospace giant Boeing raises its forecasts for the year after unveiling higher-than-expected profits.
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The Boeing Co. and other defense stocks jumped higher Wednesday, buoyed by expectations that President Bush&#39;s re-election would benefit the sector.
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Boeing Co  said on Wednesday fourth-quarter profit rose a greater-than-expected 4 percent, as higher deliveries of its commercial aircraft offset a dip in military sales due to the creation of a satellite launch joint venture.
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U.S. blue-chip stocks rose on Wednesday after Boeing Co.  posted a stronger-than-expected quarterly profit and boosted its outlook, but jitters over the Federal Reserve's impending statement on rate policy prevented a broader advance.
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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 beat forecasts and painted a rosy  future for commercial jet orders into 2007.
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Hormel Foods Corporation posted a higher quarterly profit and gave a forecast for current-quarter earnings that was higher than analystsÂ estimates.
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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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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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Boeing Co.  said on Wednesday fourth-quarter profit more than doubled, easily beating Wall Street expectations, as it delivered more commercial aircraft than in the year-earlier quarter and its defense unit posted record sales.
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Defense contractor Northrop Grumman Corp  said on Wednesday third-quarter profit rose more than expected, helped by strong sales at its information technology and shipbuilding units.
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NEW YORK (CBS.MW) -- Boeing Co.&#39;s third-quarter earnings rose 78 percent on higher sales of communications equipment to the US military and better commercial aircraft profits.
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Third-quarter profit, helped by sales of jet fighters and electronic warfare systems, beat Wall Street expectations, but the companyâs forecast for next year was slightly below analystsâ estimates.
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B/E Aerospace Inc.  said on Monday that quarterly operating profit rose 78 percent on higher sales and bigger margins and the world's largest maker of plane seats raised its 2007 earnings outlook.
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The Dow Jones industrial average rose on Thursday after economic bellwether Honeywell International raised its profit forecast, offsetting doubts about whether a global plan to thaw credit markets could work.
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CHICAGO -- Aerospace giant Boeing Co. reported a 78 percent jump in third-quarter earnings, buoyed by a strong defense business, and raised its estimate for full-year profits due to a favorable tax outlook.
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Boeing profits jump in the third quarter but the firm says delays to its new Dreamliner will hurt sales in 2008.
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Boeing Co. BA.N on Wednesday  reported a higher third-quarter profit on revenue growth in its  defense business and strong performance in its commercial  aircraft building operations, and said it raised its earnings  forecast for 2004.