Boeing tops Street 3Q forecasts

FAN Editor

Boeing is reporting a better-than-expected, third-quarter net income of $1.85 billion and raising its outlook for the year.

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The Chicago company earned $3.06 per share, or $2.72 when adjusted for one-time gains and charges. That’s 7 cents better than industry analysts had predicted, according to a poll by Zacks Investment Research.

Revenue was $24.31 billion, also edging out Wall Street predictions.

Boeing expects full-year earnings in the range of $9.90 to $10.10 per share, a dime better than earlier forecasts.

Shares of Boeing Co. slipped before the opening bell Wednesday.

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This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on BA at https://www.zacks.com/ap/BA

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