Upbeat Boeing lifts profit forecasts
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Plane maker Boeing has said its third quarter profits shot up 78% from a year ago to $456m. The company also gave an upbeat forecast for the rest of 2004 and into 2005.
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World Airways Inc. raised its third-quarter revenue and operating income forecasts on Wednesday, citing benefits from military and commercial contracts; shares of the cargo carrier jumped more than 35 percent.
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Robust demand for military equipment and technology led four US defense companies to post higher quarterly profit on Wednesday, with jet maker Boeing Co.
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Boeing Co  said on Wednesday third-quarter profit rose more than expected, helped by higher deliveries of commercial planes, but it scaled back its revenue forecast for next year due to delays on its 787 Dreamliner and slowing growth at its defense unit.
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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 reported fourth-quarter net income on higher commercial airplane deliveries and strong growth in defense earnings, beating Wall Streetâs expectations.
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FedEx Corp., the world&#39;s top air-express shipper, said Thursday quarterly profit more than tripled on strength in its international, ground and freight businesses, and the company raised its full-year earnings forecast.
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Boeing Co.  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.
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Kimberly-Clark Corp.  posted a  higher quarterly profit on Tuesday as savings from its  restructuring plan helped offset higher fiber costs, and raised  its full-year earnings forecast.
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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. on Wednesday posted an 84 percent drop in quarterly profit on charges related to two aircraft programs, but it beat forecasts and said it sees stronger growth through 2006.
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After an early morning skid, markets rebounded, boosted by an optimistic earnings report from Merck and a more favorable outlook for the technology sector.
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Boeing Co  said on Wednesday fourth-quarter profit rose, helped by strong sales of its commercial aircraft.
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Boeing Co. (BA.N: Quote, Profile, Research) on Wednesday posted a 78 percent jump in quarterly earnings that beat Wall Street forecasts as stronger demand for its military
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European no-frills airline Ryanair&#39;s profits have risen a forecast-beating 18 percent in the first half of the year, the carrier has announced, with an upbeat view for the full year also cheering investors.
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Honeywell International Inc. HON.N on  Friday posted a 3 percent rise in quarterly profit and lifted  its earnings outlook for 2005, buoyed by strong orders from its  mainstay aerospace unit and hot demand for automobile turbo  chargers.
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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.