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Lower Taxes, Better Operating Results Boost Boeing’s First Quarter Earnings As Sales Fall

Lower Taxes, Better Operating Results Boost Boeing’s First Quarter Earnings As Sales Fall
Boeing President and CEO Dennis Muilenburg. Photo: Boeing

Boeing [BA] on Wednesday reported higher net income in the first quarter due a lower tax rate and improved operating margin in its commercial aircraft segment while sales fell on declines in its defense segment.Net income in the quarter was $1.5 billion $2.34 earnings per share (EPS), up 19 percent from $1.2 billion ($1.83 EPS) a year ago. Excluding pension expenses, core per share earnings were $2.01 EPS, six cents better than consensus estimates.The better than expected per share earnings…

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