Boeing Profit Jumps, Raises Delivery Forecast


Boeing reported a 33.7 percent rise in quarterly profit on Wednesday and raised its commercial airplanes delivery forecast for the year, sending its shares higher.

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The world's largest jetliner maker expects to deliver 745 to 750 commercial airplanes, up from its previous forecast of 740 to 745.

The additional planes would boost revenue by $500 million, prompting Boeing to raise its year-end revenue target to between $93.5 billion and $95.5 billion.

Boeing earned $2.28 billion, or $3.60 per share, in the third quarter, compared with $1.70 billion, or $2.47 per share, a year earlier.

Core earnings, which exclude some pension and other costs, rose to $3.51 per share from $2.52.

Both figures included a special gain of 70 cents a share, reflecting a tax benefit Boeing received by claiming more depreciation on plants and equipment than it had previously.

Revenue fell to $23.90 billion from $25.85 billion.

Boeing shares were up 1.4 percent at $140.99 in premarket trading.

(Reporting by Alwyn Scott in New York and Ankit Ajmera in Bengaluru; Editing by Shounak Dasgupta and Jeffrey Benkoe