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Boeing Swings To Profit As Sales Fall In Second Quarter

Boeing Swings To Profit As Sales Fall In Second Quarter
Boeing President and CEO Dennis Muilenburg. Photo: Boeing

Boeing [BA] on Wednesday reported strong earnings results as it swung to a profit versus a year ago when it suffered from more than $2 billion in charges on commercial and military aircraft programs.Net income in the quarter was $1.8 billion, $2.89 earnings per share (EPS), versus a $234 million (37 cents EPS) loss a year ago. Core EPS, which excludes pension expenses, were $2.55, handily topping consensus estimates by 25 cents.Sales were down, as expected, to $22.7 billion, 8…

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