Investing.com - The largest U.S. aerospace company Boeing reported better-than-expected fourth-quarter earnings and revenue that came in broadly in line with market expectations, it said on Wednesday.
Earlier in the day, in its fourth quarter earnings report, Boeing said earnings per share came in at USD1.28, above expectations for USD1.18 per share.
The company’s fourth quarter revenue totaled USD22.30 billion, broadly in line with expectations for revenue of USD22.33 billion.
Boeing expects 2013 revenue in the range of USD82 to USD85 billion versus estimates of USD87.90 billion.
In the release, Boeing CEO Jim McNerny said, “Our first order of business for 2013 is to resolve the battery issue on the 787 and return the airplanes safely to service with our customers.”
Following the release of the report, shares in Boeing eased up 0.2% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets was steady, as markets eyed the release of key U.S. economic data, as well as the Federal Reserve's monthly policy statement.
The Dow Jones Industrial Average futures indicated a flat open, S&P 500 futures were little changed and Nasdaq 100 futures indicated a gain of 0.1% at the open.
Earlier in the day, in its fourth quarter earnings report, Boeing said earnings per share came in at USD1.28, above expectations for USD1.18 per share.
The company’s fourth quarter revenue totaled USD22.30 billion, broadly in line with expectations for revenue of USD22.33 billion.
Boeing expects 2013 revenue in the range of USD82 to USD85 billion versus estimates of USD87.90 billion.
In the release, Boeing CEO Jim McNerny said, “Our first order of business for 2013 is to resolve the battery issue on the 787 and return the airplanes safely to service with our customers.”
Following the release of the report, shares in Boeing eased up 0.2% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets was steady, as markets eyed the release of key U.S. economic data, as well as the Federal Reserve's monthly policy statement.
The Dow Jones Industrial Average futures indicated a flat open, S&P 500 futures were little changed and Nasdaq 100 futures indicated a gain of 0.1% at the open.