Boeing Reports 4Q Profit Increase

Boeing has reported a 4Q profit increase of 26 per cent to $1.23bn, but shares in the manufacturer fell as the company said revenues and profits would be lower than forecasted. Revenue rose six per cent in the full year to a record $86.6bn and core earnings per share increased 20 per cent to a record $7.07. Boeing said it expected to deliver between 715 to 725 aircraft this year. "Strong fourth-quarter results underscored an outstanding full year of core operating performance that drove record revenue and earnings and increased returns to shareholders," said Boeing chairman and CEO Jim McNerney. 

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish