CHICAGO (AP) — Boeing Co. (BA) on Wednesday reported third-quarter earnings of $1.7 billion.
The Chicago-based company said it had profit of $2.47 per share. Earnings, adjusted for non-recurring costs, were $2.52 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.22 per share.
The airplane builder posted revenue of $25.85 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $24.74 billion.
Boeing expects full-year earnings in the range of $7.95 to $8.15 per share, with revenue in the range of $95 billion to $97 billion.
Boeing shares have risen almost 7 percent since the beginning of the year, while the Standard & Poor’s 500 index has declined slightly more than 1 percent. The stock has risen 12 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BA at http://www.zacks.com/ap/BA
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Keywords: Boeing, Earnings Report, Priority Earnings
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