Investing.com - Global aircraft manufacturer Boeing reported better-than-expected first-quarter earnings and reaffirmed its outlook for the full-year, it announced on Wednesday.
Earlier in the day, in its first quarter earnings report, Boeing said adjusted earnings per share came in at USD1.73, beating expectations for USD1.49 per share.
The company’s first quarter revenue totaled USD18.89 billion, above forecasts for revenue of USD18.81 billion.
Boeing said the strong results reflected higher deliveries on the company’s 737 and 777 planes.
“Our outlook for the year is positive, and our financial and delivery guidance is reaffirmed as we remain focused on the profitable ramp up in commercial airplane production rates, disciplined execution of our development programs, and continued growth in core, adjacent and international defense and space markets."
Following the release of the report, shares in BA rose 4% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets remained higher. The Dow Jones Industrial Average futures indicated a gain of 0.2% at the open, S&P 500 futures pointed to an increase of 0.2% and Nasdaq 100 futures indicated an advance of 0.1% at the open.
Earlier in the day, in its first quarter earnings report, Boeing said adjusted earnings per share came in at USD1.73, beating expectations for USD1.49 per share.
The company’s first quarter revenue totaled USD18.89 billion, above forecasts for revenue of USD18.81 billion.
Boeing said the strong results reflected higher deliveries on the company’s 737 and 777 planes.
“Our outlook for the year is positive, and our financial and delivery guidance is reaffirmed as we remain focused on the profitable ramp up in commercial airplane production rates, disciplined execution of our development programs, and continued growth in core, adjacent and international defense and space markets."
Following the release of the report, shares in BA rose 4% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets remained higher. The Dow Jones Industrial Average futures indicated a gain of 0.2% at the open, S&P 500 futures pointed to an increase of 0.2% and Nasdaq 100 futures indicated an advance of 0.1% at the open.