Industrials

Boeing's 1Q Profit Hit by Tanker Charge

Dow component Boeing reported an adjusted 1Q profit of $1.74 per share, missing the estimate for $1.82. Revenue for the aerospace company came in at $22.6 billion, beating the estimate for $21.4 billion.

P&G Posts 7% Drop in Quarterly Sales

Dow component Procter & Gamble reported a 3Q profit of $0.86 per share, topping the estimate for $0.82. Revenue for the company came in at $15.8 billion, matching Wall Street expectations.

Post-It Notes Maker 3M's Sales Fall 2.2%

Diversified manufacturer 3M Co reported a 2.2 percent fall in quarterly revenue as sluggish economic growth in emerging markets including China hurt demand and a strong dollar eroded the value of sales from outside the United States.

Honeywell's 1Q Profit Rises 6.3%

Honeywell International posted a 6.3 percent rise in quarterly profit, helped by higher sales in its automation and climate control systems division, and the company raised the low end of its full-year earnings forecast.

Boeing Shares Fall on Probe Report

Boeing Co. shares plunged Thursday following a media report that the Securities and Exchange Commission is probing the aerospace group's accounting methods on two of its jetliner programs.