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Boeing Finishes 2017 With Strong Quarter On Tax Benefit, Plane Deliveries

Cal Biesecker By
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Boeing Finishes 2017 With Strong Quarter On Tax Benefit, Plane Deliveries
Boeing President and CEO Dennis Muilenburg. Photo: Boeing

Boeing [BA] on Wednesday posted strong fourth quarter results driven by a benefit from new tax legislation, higher commercial airplane deliveries, and higher operating earnings across its three segments.Net income rocketed 92 percent to $3.1 billion, $5.18 earnings per share (EPS), from $1.6 billion ($2.59 EPS) a year ago, boosted by a $1.1 billion ($1.74 EPS) gain from a tax reform law that went into effect on Jan. 1 but caused the company to remeasure U.S. deferred tax liabilities. The…

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