Boeing Reports Phenomenal Q4 and Year End Results, Smashes Analyst Estimates
Dow 30 component Boeing (NYSE: BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. A top U.S. exporter, the company supports airlines and U.S. and allied government customers in 150 countries. Boeing products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training.
On Wednesday Boeing reported its year-end results. Boeing’s fourth-quarter earnings of $5.48 per share smashed the estimates by $0.91. Revenue was reported at $28.3 billion, over $1 billion higher than the analysts’ expectations.
Annual revenue was reported at $101.1 billion, marking the first time that the company has broken the $100 billion mark.
Boeing has also put forth a strong forecast for fiscal 2019, expecting earnings of $190 to $20.10 per share. Wall Street expected $18.31 a share for Boeing’s full-year 2019 earnings.
Quarter four operations earnings rose 40 percent from the prior year reporting $4.2 billion in earnings from operations compared to nearly $3 billion in the previous year.
Despite the trade tensions with the U.S. and China that had rattled the aerospace company’s stock, but the shares saw a large recovery in November and December with the winning of several significant contracts.
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