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Boeing climbs 5% after upbeat 4th quarter earnings

Published 01/28/2015, 11:30 AM
Updated 01/28/2015, 11:30 AM
Boeing shares rally after upbeat Q4 earnings

Investing.com - Global aircraft manufacturer Boeing (NYSE:BA) saw shares rally on Wednesday, after reporting better-than-expected fourth quarter earnings and raising its full-year outlook.

Boeing said core earnings per share came in at $2.31 in the fourth quarter, blowing past expectations for core earnings per share of $2.10.

The company’s fourth quarter revenue totaled $24.47 billion, above forecasts for revenue of $23.93 billion.

"Strong operating performance in the final quarter of 2014 propelled us to some of our best-ever results and sealed a fifth consecutive year of core operating earnings growth," said Boeing Chairman and CEO Jim McNerney.

Boeing said it expected 2015 full-year revenue to come in at a range between $94.5 billion and $96.5 billion, compared to expectations for full-year sales of $93.4 billion.

Shares in Boeing rallied 5.8% to $140.24 from $132.48 on Tuesday.

Meanwhile, U.S. stock markets were lower. The Dow 30 lost 0.15%, the S&P 500 dropped 0.3%, while the Nasdaq 100 slumped 0.1%.

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