Boeing Posts Big 2Q Profits
(Reuters) - Boeing Co on Wednesday reported a larger quarterly profit on a 6 percent increase in revenue.
The world's largest aerospace and defense company, said second-quarter profit was $941 million, or $1.25 per share, compared with $787 million, or $1.06 per share, a year earlier.
The company said revenue rose 6 percent to $16.5 billion. Boeing also said it raised its 2011 earnings-per-share forecast to a range of $3.90 to $4.10, citing "strong core performance."
The results top a Wall Street consensus forecast for a profit of 97 cents per share, according to Thomson Reuters I/B/E/S.
Boeing, which competes with EADS unit Airbus, splits its business almost evenly between commercial airplanes and defense products. But its stock tends to track commercial airplane orders and deliveries more closely.
(Reporting by Kyle Peterson, editing by Maureen Bavdek)
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