Company News: Boeing (BA) quarterly results beat analysts’ expectations

Market news

31 January 2018

Company News: Boeing (BA) quarterly results beat analysts’ expectations

Boeing (BA) reported Q4 FY 2017 earnings of $3.04 per share (versus $2.47 in Q4 FY 2016), beating analysts' consensus estimate of $2.88.

The company's quarterly revenues amounted to $25.368 bln (+8.9% y/y), beating analysts' consensus estimate of $24.780 bln.

The company also issued upside guidance for FY 2018, projecting EPS of $13.80-14.00 (versus analysts' consensus estimate of $11.90) at revenues of $96-98 bln (versus analysts' consensus estimate of $93.6 bln).

BA rose to $355.00 (+5.12%) in pre-market trading.

U.S.: ADP Employment Report, January 234 (forecast 185)

Reuters poll - brent crude oil seen averaging $62.37/bbl in 2018, $61.29/bbl in 2019 (versus $59.88 and $61.31 respectively in previous poll)

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