Strong results from Boeing’s [BA] Commercial Airplanes division, driven by increased aircraft deliveries and higher operating margins, propelled strong third quarter financial performance and the company raised its earnings guidance for the year. Boeing’s net income increased 12 percent to $1.2 billion, $1.51 earnings per share (EPS), from $1 billion ($1.35 EPS) as strong operating profits at Commercial Airplanes more than offset a decline in profits at the company’s defense business. Company-wide operating margins improved 30 basis points to 8.1…
Commercial Airplanes Carry Boeing To Strong Earnings, Sales In Third Quarter
Defense Daily Staff
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