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Boeing takes-off on surprise profit turnaround

The Boeing Company has reported second-quarter revenue of $17.0 billion, driven by higher commercial airplanes and services volume with GAAP earnings per share of $1.00 and core earnings per share of $0.40 on commercial volume and lower period costs.

That bullish result has pushed its shares up 6 per cent to $235.70.

The company recorded core operating earnings of $755 million in the quarter compared to a loss of $3.319 billion in the year-ago quarter.

“We continued to make important progress in the second quarter as we focus on driving stability across our operations and transforming our business for the read more ⇒

Source:: AirlineRatings.Com

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