Revenue from increasing deliveries of commercial aircraft boost Boeing's 4Q profit 20 percent

Energy Associated Press

Boeing Co. says fourth-quarter profit is up 20 percent as it delivered more commercial planes, offsetting weakness in the defense business.

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The results topped Wall Street expectations, but the company is giving a cautious outlook for 2015.

Boeing said Wednesday that it earned $1.47 billion, or $2.02 per share, compared with $1.23 billion, or $1.61 per share, a year earlier.

Excluding special items, Boeing says so-called core earnings were $2.31 per share. Analysts expected $2.11 per share, according to FactSet.

The company says adjusted earnings this year will be between $8.20 and $8.40 per share — below analysts' forecast of $8.66 per share, the FactSet survey showed.

The airplane builder posted revenue of $24.47 billion in the period, also beating Street forecasts. Analysts expected $23.73 billion, according to Zacks.

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Boeing shares have climbed almost 2 percent since the beginning of the year, while the Standard & Poor's 500 index has dropped slightly more than 1 percent. The stock has declined roughly 4 percent in the last 12 months.

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Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BA at http://www.zacks.com/ap/BA

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Keywords: Boeing, Earnings Report, Priority Earnings