Comments
Boeing Co reported higher profits on Wednesday for the second quarter and hiked its earnings forecast.
Second-quarter net income was $ 1.09 billion, up from $ 967 million in the second quarter of 2012.
The world’s largest aircraft manufacturer credited more deliveries of planes and falling costs in the production of its 787 Dreamliner, despite the much-publicized battery problems and other questions that have delayed the new model’s roll-out to airlines.
Earnings for 2013 will be at least $ 6.20 per share, the company said, a jump of 10 cents from its previous forecast.
Boeing expects to deliver 635 to 645 aircraft this year in a booming market for large jets.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.