Boeing Co. (BA) Tops Q2 EPS Views; Boosts FY14 EPS Outlook
Get Alerts BA Hot Sheet
EPS Growth %: -19.7%
Financial Fact:
Cost of services: -1.98B
Today's EPS Names:
CPSS, HARL, MCET, More
Join SI Premium – FREE
Boeing Co. (NYSE: BA) reported Q2 EPS of $2.42, $0.44 better than the analyst estimate of $1.98. Revenue for the quarter came in at $22.05 billion versus the consensus estimate 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. "We delivered our first 787-9 and our 8,000th 737, successfully completed a key missile defense intercept test, and delivered our 100th EA-18G Growler to the U.S. Navy."
"While challenges resolving engineering and systems installation issues on our tanker test aircraft are resulting in higher spending to maintain schedule, the issues are well understood and we remain on path to begin flight testing fully provisioned tankers the first part of next year," McNerney said.
"With 783 new commercial airplane orders to date this year and significant contracts in the quarter for military aircraft and satellites, our backlog remains large and diverse. Overall, our strong first-half financial performance, sustained focus on growth and productivity, and positive market outlook support our increased earnings guidance for the year," he said.
Boeing Co. sees FY2014 EPS of $7.90 - $8.10, versus prior guidance of $7.15 - $7.35 and the consensus of $7.67.
For earnings history and earnings-related data on Boeing Co. (BA) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Equifax (EFX) shares tumble as Q2, full-year guidance falls short
- Equifax (EFX) Tops Q1 EPS by 6c, Misses on Revenue; Offers Guidance
- First Bancorp (FNLC) Reports Q1 EPS of $0.54
Create E-mail Alert Related Categories
Earnings, Guidance, Hot Earnings, Hot Guidance, Hot List, Management CommentsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!