Boeing (BA) Tops Q2 EPS by 25c; Raises Outlook
Boeing (NYSE: BA) reported Q2 EPS of $2.55, $0.25 better than the analyst estimate of $2.30. Revenue for the quarter came in at $22.74 billion versus the consensus estimate of $23.02 billion.
- GAAP EPS of $2.89 and core EPS (non-GAAP)* of $2.55 on solid execution across the company
- Strong operating cash flow of $5.0 billion; repurchased 13.6 million shares for $2.5 billion
- Revenue of $22.7 billion reflecting 226 commercial and defense aircraft deliveries and services
- Backlog grew to $482 billion, including $27 billion of net orders during the quarter
- Increased guidance for GAAP EPS $0.75 and core EPS (non-GAAP)* $0.60 on improved performance and tax
- Raised operating cash flow guidance by $1.5 billion and lowered capital expenditures guidanceby $300 million
GUIDANCE:
Boeing sees FY2017 EPS of $9.80-$10.00, versus the consensus of $9.39.
For earnings history and earnings-related data on Boeing (BA) click here.