Business

Boeing Raises Forecast as Third-quarter Profit Jumps

Reuters)
 
Boeing Co (BA.N) said Wednesday that adjusted profit increased in the third quarter, and it raised its full-year forecast, reflecting booming commercial aircraft production.
 
 
Revenue rose 11 percent from a year earlier to $22.13 billion, driven by a 14 percent increase in aircraft deliveries. "Core" earnings, which exclude some pension and other costs, rose to $1.80 a share from $1.55.
 
 
Boeing said it expects full-year core earnings per share of $6.50 to $6.65, up from a prior forecast of $6.20 to $6.40, reports Reuters.
 

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