Boe­ing beats profit fore­casts

Kuwait Times - - BUSINESS -

Boe­ing is re­port­ing sec­ond-quar­ter net in­come of $1.76 bil­lion, af­ter suf­fer­ing a loss a year ear­lier.

The Chicago com­pany had net in­come of $2.89 per share. Earn­ings, ad­justed for non­re­cur­ring gains, were $2.55 per share, blow­ing past the per-share fore­cast of $2.32 from in­dus­try an­a­lysts, ac­cord­ing to a poll by Zacks In­vest­ment Re­search. The air­plane builder posted rev­enue of $22.74 bil­lion. Boe­ing ex­pects full-year earn­ings in the range of $9.80 to $10 per share, with rev­enue of $90.5 bil­lion to $92.5 bil­lion. Shares of Boe­ing Co. have risen 36 per­cent since the be­gin­ning of the year. —AP

In this Mon­day, June 12, 2017, photo, a US flag is dis­played above a Boe­ing 787 air­plane be­ing built for Nor­we­gian Air Shut­tle at Boe­ing Co’s as­sem­bly fa­cil­ity, in Everett, Wash­ing­ton. —AP

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