Boeing 2Q Profit Tops Expectations

By: Associated Press Email
By: Associated Press Email

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July 24, 2013

Boeing posted a bigger-than-expected second-quarter profit as it
ramped up deliveries of commercial planes like its 737 and 787.

Boeing's net income rose 13 percent to $1.09 billion, or $1.41 per share. During the same period last year it earned $967 million, or $1.27 per share. Revenue rose 9 percent to $21.82 billion.

The results include costs from pensions. On that basis, analysts surveyed by FactSet had been expecting a profit of $1.30 per share with revenue of $20.79 billion.

Boeing Co. raised its full-year profit guidance to $6.20 to $6.40 per share -- a dime higher than its old guidance. It now expects revenue of $83 billion to $86 billion, which is $1 billion more than it previously predicted.


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