Boeing profit up on stronger plane sales
If you missed our coverage, here are the top 10 stories of the day.
Boeing Co, the world's largest aerospace and defence company, posted a higher quarterly net profit on Wednesday, helped by an increase in commercial airplane deliveries, and raised its earnings forecast for the year.
The company said its first-quarter net profit was $923 million, or $1.22 per share, compared with $586 million, or 78 cents per share, a year earlier.
The company, which competes with EADS unit Airbus for orders, said revenue rose 30% to $19.4 billion, topping expectations for $18.4 billion. The company said its order backlog at the end of the quarter was $380 billion, up from $356 billion at the beginning of the year.
The company increased its profit forecast for 2012 to a range of $4.15 per share to $4.35 per share. The previous upper end of the range had been $4.25 per share. The company reaffirmed its 2012 revenue outlook, which is in a range of $78 billion to $80 billion.
Copyright: Thomson Reuters 2012