Boeing beats Wall Street expectations, raises earnings estimate
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.
