Investing.com - Global aircraft manufacturer Boeing Company (NYSE:BA) reported better-than-expected third quarter earnings ahead of Wednesday’s opening bell and raised its full-year outlook.
Boeing said core earnings per share came in at $2.14 in the three months ending September 30, blowing past expectations for core earnings per share of $1.97.
The company’s third quarter revenue totaled $23.78 billion, above forecasts for revenue of $23.02 billion.
"Continued strong operating performance across our production and services businesses drove significant growth in earnings-per-share, and enabled us to continue to capture new business, pushing our order backlog to a record $490 billion," said Boeing Chairman and CEO Jim McNerney.
Boeing said it expected core 2014 full-year earnings per share to come in at a range between $8.10 to $8.30, up from a previous forecast for core earnings of $7.90 to $8.10 per share.
Following the release of the report, shares in Boeing (NYSE:BA) rallied 3% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets was steady. The Dow futures indicated a gain of 0.05% at the open, the S&P 500 futures pointed to a decline of 0.05%, while Nasdaq 100 futures tacked on 0.05%.