Boeing, a global aircraft manufacturer, reported stronger than expected earnings today. Profits jumped 18% as earnings were $2.14/ share above the estimate of $1.97/share. Revenue was also positive coming out at $23.78 billion. Aircraft demand is booming and so the company raised its yearly prediction for a third time. Despite the strong report, however, shares dropped in pre-market trade and are currently down 4%.
The market is awaiting more earnings reports today from companies such as AT&T, Costco, Glaxosmithkline and Yelp.
October 22, 2014 – Stock Market News
Boeing, a global aircraft manufacturer, reported stronger than expected earnings today. Profits jumped 18% as earnings were $2.14/ share above the estimate of $1.97/share. Revenue was also positive coming out at $23.78 billion. Aircraft demand is booming and so the company raised its yearly prediction for a third time. Despite the strong report, however, shares dropped in pre-market trade and are currently down 4%.
The market is awaiting more earnings reports today from companies such as AT&T, Costco, Glaxosmithkline and Yelp.
Related Posts: