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Boeing posts 4Q profit, results top Street expectations

CHICAGO – CHICAGO (AP) _ Boeing Co. (BA) on Wednesday reported fourth-quarter earnings of $1.47 billion.

The Chicago-based company said it had profit of $2.02 per share. Earnings, adjusted for non-recurring costs, came to $2.31 per share.

The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.07 per share.

The airplane builder posted revenue of $24.47 billion in the period, also beating Street forecasts. Analysts expected $23.73 billion, according to Zacks.

Boeing expects full-year earnings in the range of $8.20 to $8.40 per share, with revenue in the range of $94.5 billion to $96.5 billion.

Boeing shares have climbed almost 2 per cent since the beginning of the year, while the Standard & Poor’s 500 index has dropped slightly more than 1 per cent. The stock has declined roughly 4 per cent 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