It is the reporting season in US.
Boeing is set to announce its profits on Wednesday morning & early indications are that there may be good news for share holders. Analysts say that sales of Boeing’s jets have prepared the foundation for an increase in earnings in the second quarter. On this basis analysts are expecting the company to raise its outlook for the next few quarters.
Analysts polled by Thomson Financial forecast the Chicago-based aircraft maker (BA) will post earnings of $1.16 a share, up from a year-ago loss of 21 cents a share, when it reports Wednesday morning. Analysts forecast sales will rise to $ 16.2 billion, up about 8%.
Boeing delivered 114 aircraft to commercial customers in the second quarter, up from 106 aircraft in the first quarter and 97 a year-ago, according to the company.
Orders rose to 360, including 123 from its fuel-efficient 787 Dreamliner. A year ago, orders totaled 317. On July 8, Boeing showed off its newly assembled Dreamliner, which still has to meet other key hurdles like first flight and delivery.
“Order flows continue to be impressive for commercial planes, especially the 787, without significant participation from the largest aerospace market, North America,” said J.B. Groh, an analyst D.A. Davidson analyst, in a note Monday.
Shares have risen about 17% since the start of the year, recently trading at just over $104.
via CNN Money, read more about this story here.
aviation news Boeing aircraft boeing earnings outlook boeing profits,aviation news Boeing aircraft boeing earnings outlook boeing profits,Tags: Aircraft, Aviation News, Boeing News
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