Boeing Helps Lift Markets
Shares of Boeing climbed 6.2 percent after posting an adjusted $5.48 per share, easily besting expectations in a Refinitiv survey of analysts who forecasted an EPS that was 91 cents lower. In addition, Boeing boasted strong revenue of $28.3 billion, which was $1 billion more than Wall Street expectations.
Furthermore, Boeing posted an annual revenue of over $100 billion coupled with a strong earnings guidance for 2019.
“That’s double-digit growth,” said Jefferies analyst Sheila Kahyaoglu. “About 100 basis points of improvement across each segment and these are big divisions. So, tons of productivity going through.”
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