Boeing reports strong Q3 earnings
Oct 24, 2012, 5:32 AM | Updated: 7:11 am
Boeing’s third quarter earnings were released Wednesday, and the company beat Wall Street estimates by about $0.20 a share.
Boeing reported earnings of a $1.35 per share on just over $20 billion in revenue.
Based on these third quarter results, the company has now revised its estimates for the rest of the year.
Boeing now expects to make between $4.80 and $4.95 per share for the year. That’s about $0.40 more per share than the company was forecasting just three months ago.
Boeing has also upped its revenue forecast for the year to between $80.5 and $82 billion.
Boeing delivered 149 commercial airplanes during the most recent quarter. That’s 22 more than the third quarter of last year.
Net income for the third quarter was just over $1 billion.
