Boeing Co. saw its revenues jump by 21 percent in the second quarter on the strength of higher aircraft deliveries, but its profits rose only by three percent, the company reported this morning.
Boeing Co. saw its revenues jump by 21 percent in the second quarter on the strength of higher aircraft deliveries, but its profits rose only by three percent, the company reported this morning.
That performance, however, handily beat Wall Street estimates for the company’s profits. Analysts had predicted earnings of $1.12 a share. The company delivered $1.27 a share. Wall Street had anticipated revenues of $19.4 billion. The company produced $20 billion.
Boeing Co. reported fourth quarter profits that beat analyst predictions by 9 cents a share today and predicted higher 2013 earnings without a significant hit from battery problems that have grounded its 787 fleet.
Tiffany says fourth-quarter net income edged up less than 1 percent, but still beat Wall Street predictions as strong customer demand in Asia for its pricey baubles offset weakness in the U.S.
Boeing Co. earnings per share increased by 24 percent in the first quarter, despite battery problems with its new 787 Dreamliner and the federal budget sequester, which trimmed military spending.
Goldman Sachs went some way to restoring its reputation as a Wall Street powerhouse after its earnings almost tripled in the fourth quarter, handily beating analysts’ estimates, as investment banking revenues surged.
Procter & Gamble is turning a corner. The world’s largest consumer goods company, whose products such as Tide detergent and Gillette razors are in 98 percent of U.S. households, in recent years has lost business to competitors as it grew too fast overseas and kept prices high.
JOIN THE DISCUSSION | Register here
We welcome comments. Please keep them civil, short and to the point. ALL CAPS, spam, obscene, profane, abusive and off topic comments will be deleted. Repeat offenders will be blocked. Thanks for taking part — and abiding by these simple rules. A thorough explanation of rules of conduct can be found in our Terms of Service. If you have any questions, including why your comment may not be showing immediately after you submit it, be sure to visit the commenting FAQ.