Boeing (BA) Tops Q1 EPS Views; Reaffirms Light FY13 EPS Outlook
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Price: $169.82 -0.24%
EPS Growth %: -19.7%
Financial Fact:
Boeing Capital Corporation interest expense: -14M
Today's EPS Names:
MAXN, CSTR, ACU, More
EPS Growth %: -19.7%
Financial Fact:
Boeing Capital Corporation interest expense: -14M
Today's EPS Names:
MAXN, CSTR, ACU, More
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(Updated - April 24, 2013 7:46 AM EDT)
Boeing Co. (NYSE: BA) reported Q1 core EPS of $1.73, $0.23 better than the analyst estimate of $1.50. Revenue for the quarter came in at $18.9 billion versus the consensus estimate of $19.2 billion.
"Commercial Airplanes worked around the clock to resolve the 787 battery issue while also successfully increasing production rates on the 737 and 777 programs," commented chair and CEO Jim McNerney. "Defense, Space & Security continued to perform exceptionally well, meeting tough affordability goals while investing in future growth. Our first priority in the days ahead is to fully restore our customers' 787 fleets to service and resume production deliveries. Our outlook for the year is positive, and our financial and delivery guidance is reaffirmed as we remain focused on the profitable ramp up in commercial airplane production rates, disciplined execution of our development programs, and continued growth in core, adjacent and international defense and space markets."
Commercial Airplanes' first-quarter revenue decreased to $10.7 billion on delivery mix and lower services revenue. First-quarter operating margin improved to 11.4%, reflecting the delivery mix and lower R&D, partially offset by higher period costs
Boeing Defense, Space & Security's (BDS) revs fell 1 percent to $8.11 billion, while operating margin improved 1.3 points to 10.3 percent. Network & Space Systems (N&SS) saw a 5 percent pop in revs to $1.96 billion, while Boeing Military Aircraft and Global Services & Support reported a 3 percent and 5 percent drop in revs, respectively.
Boeing reaffirmed its FY13 outlook. Revs are expected to be $82 billion to $85 billion, while EPS should coe in at $6.10 to $6.30. The current Street consensus is for revs of $83.8 billion and EPS of $6.37.
For earnings history and earnings-related data on Boeing Co. (BA) click here.
Boeing Co. (NYSE: BA) reported Q1 core EPS of $1.73, $0.23 better than the analyst estimate of $1.50. Revenue for the quarter came in at $18.9 billion versus the consensus estimate of $19.2 billion.
"Commercial Airplanes worked around the clock to resolve the 787 battery issue while also successfully increasing production rates on the 737 and 777 programs," commented chair and CEO Jim McNerney. "Defense, Space & Security continued to perform exceptionally well, meeting tough affordability goals while investing in future growth. Our first priority in the days ahead is to fully restore our customers' 787 fleets to service and resume production deliveries. Our outlook for the year is positive, and our financial and delivery guidance is reaffirmed as we remain focused on the profitable ramp up in commercial airplane production rates, disciplined execution of our development programs, and continued growth in core, adjacent and international defense and space markets."
Commercial Airplanes' first-quarter revenue decreased to $10.7 billion on delivery mix and lower services revenue. First-quarter operating margin improved to 11.4%, reflecting the delivery mix and lower R&D, partially offset by higher period costs
Boeing Defense, Space & Security's (BDS) revs fell 1 percent to $8.11 billion, while operating margin improved 1.3 points to 10.3 percent. Network & Space Systems (N&SS) saw a 5 percent pop in revs to $1.96 billion, while Boeing Military Aircraft and Global Services & Support reported a 3 percent and 5 percent drop in revs, respectively.
Boeing reaffirmed its FY13 outlook. Revs are expected to be $82 billion to $85 billion, while EPS should coe in at $6.10 to $6.30. The current Street consensus is for revs of $83.8 billion and EPS of $6.37.
For earnings history and earnings-related data on Boeing Co. (BA) click here.
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