Boeing's profit rises on higher deliveries
Reuters
Published Jan 28, 2015 08:16AM ET
Boeing's profit rises on higher deliveries
(Reuters) - Boeing Co (N:BA), the world's biggest planemaker, reported a 19 percent rise in quarterly profit, helped by booming demand for commercial aircraft.
The company forecast operating cash flow, a metric closely watched by investors, of more than $9 billion for 2015, up from $8.86 billion reported for 2014.
Boeing's shares rose about 4 percent in premarket trading.
The company's jetliner deliveries rose to 723 in 2014 from 648 the previous year, topping those by rival Airbus Group (PA:AIR).
Commercial aircraft deliveries rose 13 percent to 195 in the fourth quarter ended Dec. 31.
Boeing's net profit rose to $1.47 billion, or $2.02 per share, in the quarter from $1.23 billion, or $1.61 per share, a year earlier.
Core earnings, which exclude pension and other costs, rose to $2.31 per share from $1.88.
Revenue increased by 3 percent to $24.47 billion.
Boeing forecast core earnings of $8.20-8.40 per share for 2015.
Shares of the Dow-30 component were trading at $137.79 before the bell.
Up to Tuesday's close, the stock had fallen 3.4 percent in the past 52 weeks, while the Dow Jones Industrial Average (DJI) has risen 9.2 percent.
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Written By: Reuters
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