Wednesday, April 26, 2017

Boeing Q1 Profit Tops View, But Revenues Miss; Lifts 2017 Profit View

Boeing Co. (BA) reported a profit for the first-quarter 2017 that increased about 19 percent from last year driven by solid execution on production programs and services. But, quarterly revenues decreased 7.3 percent to $21.0 billion, reflecting the timing of commercial and defense aircraft deliveries. The company raised its 2017 profit guidance. But it maintained its annual revenue guidance.

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