OMRON | Mitsubishi
Home >> Industry News >> Industry News >> Text
Latest News
This month TOP10
Pension Expense Hurts Boeing 3Q
http://www.saleplc.com
Articles Entry:LKong Source:Network Published Time:2012-10-25
Pension Expense Hurts Boeing 3Q

reading guidance:

Analysts surveyed by FactSet were expecting a profit of $1.12 per share.

NEW YORK (AP) -- Pension expenses reduced Boeing Co.'s third-quarter profit, but other than that both its commercial airplanes and defense businesses made more money during the quarter.

For the quarter that ended Sept. 30, Boeing's net income fell 6 percent to $1.03 billion, from $1.1 billion a year ago. The profit amounted to $1.35 per share. It would have been higher by 18 cents per share if not for increased pension expenses.

Analysts surveyed by FactSet were expecting a profit of $1.12 per share.

Revenue rose 13 percent to $20 billion as the pace of commercial airplane deliveries picked up. That matched analyst expectations.

Boeing now expects to earn $4.80 to $4.95 per share this year, up from previous guidance of $4.40 to $4.60 per share. Analysts had been expecting $4.72 per share.

Related News More about  Boeing 3Q  Articles
NO Data