Boeing Quarterly Earnings Jump 78 Percent
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Boeing Co. BA.N on Wednesday topped  expectations with a 78 percent jump in quarterly profit on  strength in its defense operations, and raised its earnings  forecast for 2004.
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The company said third-quarter profit rose more than expected, boosted by higher aircraft deliveries, but it scaled back next yearâs forecast due to delays on its 787 Dreamliner.
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Fourth-quarter earnings more than doubled, largely as a result of robust commercial airplane and military systems business.
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Boeing Co. reported a 78-percent surge in third-quarter net income to $456 million as it benefitted from strength in its defense business, and tax settlements that helped offset drop-offs in commercial airplane and satellite and launch operations.
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Propelled by another potent performance from its defense unit, Boeing announced third-quarter results yesterday that surpassed investors&#39; expectations as profits climbed 78 percent from a year ago.
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Goldman Sachs Group Inc  said on Thursday that quarterly earnings surged 79 percent as revenue from investment banking and trading increased despite turbulent summer markets.
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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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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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Boeing Co., the US aerospace giant, reported a 78 per cent jump in third-quarter earnings, buoyed by a strong defence business, and raised its estimate for full-year profits due to a favourable tax outlook.
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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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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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The Dow Jones industrial average and S&P 500 index rose slightly on Wednesday, helped by aircraft manufacturer Boeing Co. , but investors were mostly staying on the sidelines before the Federal Reserve's statement on interest rates.
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The Boeing Co. landed a 30-jet 7E7 deal Wednesday, and a spokeswoman hinted that more orders are in the offing between now and Dec. 31.
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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  said on Monday it  would buy up to $7 billion of its own stock, one of the  plane-maker's largest repurchase plans on record, but kept its  cash dividend unchanged.
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Boeing Co  said on Monday it would buy up to $7 billion of its own stock, one of the plane-maker's largest repurchase plans on record, but kept its cash dividend unchanged.
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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.