• Company News: Boeing (BA) reported better than expected fourth quarter profits

Market news

28 January 2015

Company News: Boeing (BA) reported better than expected fourth quarter profits

Boeing (BA) earned $2.31 per share in the fourth quarter, beating analysts' estimate of $2.10. Revenue in the fourth quarter increased 2.9% year-over-year to $24.47 billion, exceeding analysts' estimate of $23.90 billion.

The company released its forecasts for fiscal year 2015. EPS is expected to be $8.20-$8.40 (analysts' estimate: $8.65), while revenue is expected to be $94.5-$96.5 billion in fiscal year 2015 (analysts' estimate: $93.37 billion).

Boeing (BA) shares increased to $137.00 (+3.41%) prior to the opening bell.

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