ADVFN - Advanced Financial Network.
HOME» NYSE » B » BA Stock Price » BA Stock News

Boeing Share News

 Boeing Co. (the) Stock Price
BA Stock Price
 Boeing Co. (the) Stock Chart
BA Stock Chart
 Boeing Co. (the) Stock News
BA Stock News
 Boeing Co. (the) Company Information
BA Company Information
 Boeing Co. (the) Stock Trades
BA Stock Trades

Boeing 2Q Net Up 2.8% on Commercial Airplane Unit Strength

By Ben Fox Rubin Boeing Co.'s (BA) second-quarter income rose 2.8% as the aerospace giant saw a continued rebound in its commercial airplane business, while its defense operations flagged. The company raised its per-share earnings estimate for the year, now seeing $4.40 to $4.60 a share, from its previous view of $4.15 and $4.35. Boeing also upped its revenue guidance by $1.5 billion, forecasting $79.5 billion to $81.5 billion. The company's commercial business has been benefiting from a global expansion of passenger air travel and a flood of orders for its best-selling 737 jets. For the latest period, the commercial airplane business posted revenue of $11.84 billion, up 34%, as deliveries improved 27%. Still, Boeing's ability to execute on its bulging commercial aircraft backlog has been a primary concern among investors, and the company still has significant milestones to meet in boosting 787 output and launching its new 737 Max. Meanwhile, Boeing and others have faced challenges from soft U.S. defense spending. The company earlier this year unveiled plans to close defense operations in Wichita, Kan., as it grapples with lighter government spending. In the latest period, Boeing's defense, space and security segment, saw revenue rise 7% to $ 8.19 billion and operating earnings shrank 6%. Its network and space systems segment posted a 34% earnings drop. Boeing reported a profit of $967 million, or $1.27 a share, up from $941 million, or $1.25 a share, a year earlier. Revenue rose 21% to $20.01 billion. Analysts polled by Thomson Reuters most recently projected earnings of $1.12 a share on revenue of $19.37 billion. Operating margin narrowed to 7.7% from 9.3%. Shares closed Tuesday at $72.03 and were up 2.7% premarket. As of the close, the stock was down 1.8% so far this year. Write to Ben Fox Rubin at ben.rubin@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Boeing (BA)
DateTimeHeadline
07/22/201609:44:00U.S. Hot Stocks: Hot Stocks to Watch
07/21/201619:43:00Boeing to Record Charges From Jet Programs -- Update
07/21/201618:00:00Boeing to Record Charges From Jet Programs
07/21/201617:48:00Boeing to Record Charges From Jet Programs
07/21/201616:38:44Current Report Filing (8-k)
07/21/201616:30:00Boeing to Recognize Cost Reclassification and Charges to Second-Quarter...
07/19/201607:24:00Boeing Says India Will Need Planes Worth $265 billion Over Next...
07/18/201621:00:00Lufthansa Joins Runway Safety System
07/18/201616:24:00Boeing Shifts to Microsoft's Azure Cloud Platform -- Update
07/18/201615:30:00Boeing Shifts to Microsoft's Azure Cloud Platform
07/18/201613:35:00Boeing Shifts to Microsoft's Azure Cloud Platform
07/18/201612:00:00Boeing and Microsoft Reach Agreement to Advance Commercial Aviation...
07/15/201623:29:00Boeing Marks 100 Years at Founders Day Centennial Celebration
07/15/201609:46:00Boeing, South African Airways and Mango Celebrate Africa's First...
07/15/201608:00:00Boeing Celebrates 100 Years of World-Changing Achievement and...
07/14/201613:42:00Airbus and Boeing Leave Air Show With Work to Do--Update
07/14/201610:30:00Airbus Beats Boeing in Air-Show Deals
07/14/201608:13:00Airbus Beats Boeing in Deal Totals at Farnborough Air Show
07/14/201607:30:00Boeing Celebrates Centennial with Successful Farnborough Airshow
07/14/201605:43:00One Year On, Kerry Satisfied With Iran Nuclear Deal

Boeing and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad