Boeing Beats Wall Streetâs Forecast
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CHICAGO  â Boeing reported a 4 percent increase in fourth-quarter profit on Wednesday, topping Wall Streetâs expectations despite concerns over delays in the 787 Dreamliner.
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Stocks edged higher on Tuesday as investors were cautious about taking new positions in a holiday-shortened week, but shares of jet aircraft manufacturer Boeing Co.  and Web search leader Google Inc.  hit record highs.
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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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Wall Street was expected to start little  changed on Friday as investors continue to fret over the impact  of high oil prices on earnings, while Boeing BA.N will be  eyed after it reiterated its earnings forecast.
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CHICAGO : Aerospace giant Boeing reported a 78 percent increase in third-quarter profit on Wednesday and gave an upbeat forecast for the rest of 2004 and into 2005.
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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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Stocks rose for a third day and the Dow Jones industrial average closed at a record on Thursday, helped by a share-buyback plan from Caterpillar Inc. and a sizable aircraft order for Boeing Co.
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Wall Street gets itself wrong again: investment firm beats expectations by a wide margin.
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U.S. stocks rose on Wednesday, driving the Dow Jones industrial average to a record high, after a strong profit and outlook from Cisco Systems Inc.  boosted optimism about corporate profits.
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U.S. stocks finished slightly higher on Tuesday as investors were cautious about taking new positions before the Thanksgiving holiday, while shares of aircraft maker Boeing Co.  and Web search leader Google Inc.  soared to record highs.
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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 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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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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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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Industrial output in the US has beaten forecasts in December, increasing for the 19th month in a row.
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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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The Boeing Co. and other defense stocks jumped higher Wednesday, buoyed by expectations that President Bush&#39;s re-election would benefit the sector.