Boeing Q2 earnings top estimates, guides higher; shares up 1.8%

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Investing.com -

Investing.com - Global aircraft manufacturer Boeing (NYSE:BA) reported better-than-expected second quarter earnings ahead of Wednesday's opening bell and raised its full-year outlook.

Boeing said core earnings per share came in at $2.42 in the second quarter, blowing past expectations for core earnings per share of $1.98.

The company's second quarter revenue totaled $22.05 billion, below forecasts for revenue of $22.47 billion.

"Strong operating performance across our production programs and services businesses drove revenue and earnings-per-share growth and healthy operating cash flow, which supported $1.5 billion in additional share repurchases in the quarter," said Boeing Chairman and Chief Executive Officer Jim McNerney.

Boeing said it expected core 2014 full-year earnings per share to come in at a range between $7.90 to $8.10, compared to expectations for core earnings of $7.60 per share.

Following the release of the report, shares in Boeing Company (NYSE:BA) rallied 1.75% in pre-market trade.

Meanwhile, the outlook for U.S. equity markets was upbeat. The Dow indicated a gain of 0.1% at the open, the S&P 500 pointed to a rise of 0.1%, while Nasdaq 100 tacked on 0.1%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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