Boeing beats Street 3Q forecasts

Markets Associated Press

Boeing Co. (BA) on Wednesday reported third-quarter earnings of $2.28 billion.

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On a per-share basis, the Chicago-based company said it had profit of $3.60. Earnings, adjusted for non-recurring gains, were $3.51 per share.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.62 per share.

The airplane builder posted revenue of $23.9 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $23.46 billion.

Boeing expects full-year earnings in the range of $6.80 to $7 per share, with revenue in the range of $93.5 billion to $95.5 billion.

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This story was 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