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Boeing (BA) Tops Q3 EPS by 11c, Raises FY EPS Guidance

October 24, 2018 7:31 AM

Boeing (NYSE: BA) reported Q3 EPS of $3.58, $0.11 better than the analyst estimate of $3.47. Revenue for the quarter came in at $25.15 billion versus the consensus estimate of $23.99 billion.

GUIDANCE:

Boeing sees FY2018 EPS of $14.90-$15.10, versus the consensus of $14.65. Boeing sees FY2018 revenue of $98-100 billion vs $98.53 billion consensus.

"Our teams continued to perform at a high level during the quarter, driving solid operating performance and robust cash generation, and continuing to deliver on our One Boeing advantage by bringing the best of Boeing to our customers," said Boeing Chairman, President and Chief Executive Officer Dennis Muilenburg.

"During the quarter we captured important new defense business, winning and investing in the MQ-25 and T-X programs and securing the MH-139 contract, clearly demonstrating the value Boeing brings to customers while positioning us well for future growth opportunities. Within the Commercial Airplanes business, the 777X static test airplane was completed and moved into test setup and the team's focus on execution across our production programs continued to drive outstanding performance and strong operating margins. Our Global Services business continues to deliver on total lifecycle value to our customers, with key wins in the quarter including P-8 Poseidon training contracts for the U.S. Navy and Royal Australian Air Force and an order from GECAS for 20 737-800 Boeing Converted Freighters. Additionally, we began integrating new data analytics tools, powered by Boeing AnalytX, into all Boeing Defence Australia support contracts, enhancing its position as a leading fleet services provider in the region."

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