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Boeing's profit hit by tanker charge

Published 04/27/2016, 07:41 AM
Updated 04/27/2016, 07:50 AM
© Reuters. File photo of Boeing logo at their headquarters in Chicago
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(Reuters) - Boeing Co (N:BA) reported a nearly 9 percent fall in quarterly profit, hurt by an after-tax charge related to the KC-46 aerial refueling tanker it is developing for the U.S. Air Force.

The world's largest plane maker earned $1.22 billion, or $1.83 per share, in the first quarter ended March 31, compared with $1.34 billion, or $1.87 per share, a year earlier.

The company recorded a tanker charge of $156 million or 24 cents per share in the quarter.

Core earnings, which exclude pension and other costs, fell to $1.74 per share from $1.97.

Revenue rose about 2 percent to $22.63 billion.

© Reuters. File photo of Boeing logo at their headquarters in Chicago

Commercial aircraft deliveries fell 4.3 percent to 176.

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