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Lower Taxes Boost Boeing’s Earnings As Sales Dip

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By Calvin Biesecker Boeing [BA] yesterday posted higher net income in the first quarter due to sharply lower tax expenses and sales fell slightly on a drop in revenues from its Commercial Airplanes segment. Net income increased 13 percent to $586 million, 78 cents earnings per share (EPS), from $519 million (70 cents EPS). Earnings beat analysts' expectations by seven cents EPS. Last year's results included a $150 million (20 cents EPS) charge related to new federal healthcare law. Excluding…

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