Menu

Earnings: Boeing shares rise on upbeat fourth-quarter results

By Toby |

Airplane maker Boeing (BA) posted its fourth-quarter 2018 results before the bell on Wednesday, Jan. 30. Shares jumped in pre-market trade following the announcement of both upbeat top-line and bottom-line results.

Revenues soared 14% to $28.34 billion, generating an 8% hike in quarterly EPS to $5.93 per share. GAAP net earnings inched 3% to $3.42 billion.

Boeing 787-10 Dreamliner | Source: Boeing Co 

CEO Dennis Muilenburg weighed in, “our financial performance provided a firm platform to further invest in new growth businesses, innovation and future franchise programs, as well as in our people and enabling technologies. In the last 5 years, we have invested nearly $35 billion in key strategic areas of our business, all while increasing cash returns to shareholders.”

JUST IN: ALIBABA Q3 2019 EARNINGS!

Commercial Airplanes Deliveries rose 14% to 238 in the quarter. Cash and investments in marketable securities totaled $8.6 billion, and the debt was $13.8 billion at quarter-end.

During the quarter, Boeing delivered 238 Commercial Airplanes, including its first 737 MAX Boeing Business Jet.

 

Boeing fourth quarter 2018 earnings infographic
Boeing Q4 2018 Earnings Infographic

 

OUTLOOK: LOOKING TO 2019

The Boeing Company announced a new outlook for fiscal 2019. Revenue for the year is expected to be $109.5-111.5 billion, generating GAAP earnings of $21.90-22.10 per share. Core earnings per share is touted to be $19.90-20.10. Annual operating cash flow is estimated at $17.0-17.5 billion.

Boeing expects to deliver a record 895-905 commercial airplanes, generating revenues of $64.5-65.5 billion in 2019.

We’re on Flipboard! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

Advertisement

302 responses to “Earnings: Boeing shares rise on upbeat fourth-quarter results”

  1. Click Here

    […]Wonderful story, reckoned we could combine a handful of unrelated information, nonetheless genuinely worth taking a search, whoa did 1 discover about Mid East has got more problerms at the same time […]

  2. Click Here

    […]Wonderful story, reckoned we could combine a couple of unrelated information, nevertheless truly worth taking a appear, whoa did a single discover about Mid East has got far more problerms as well […]

  3. Click Here

    […]Wonderful story, reckoned we could combine a couple of unrelated information, nevertheless actually really worth taking a search, whoa did one understand about Mid East has got extra problerms as well […]

  4. Click Here

    […]Wonderful story, reckoned we could combine a few unrelated data, nevertheless seriously really worth taking a look, whoa did one particular master about Mid East has got far more problerms as well […]

  5. MBA tuition fees

    […]Wonderful story, reckoned we could combine a number of unrelated information, nevertheless definitely worth taking a look, whoa did a single find out about Mid East has got additional problerms as well […]

  6. prostadine buy

    […]Wonderful story, reckoned we could combine a couple of unrelated data, nevertheless actually worth taking a search, whoa did a single find out about Mid East has got much more problerms at the same time […]

  7. nang sydney

    […]we like to honor several other world wide web internet sites on the internet, even if they aren’t linked to us, by linking to them. Below are some webpages worth checking out[…]

  8. dog papers

    […]we like to honor quite a few other internet web sites around the net, even though they aren’t linked to us, by linking to them. Beneath are some webpages really worth checking out[…]

Leave a Reply

Top