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Boeing raises 2017 earnings forecast

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Boeing raises 2017 earnings forecast

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(Reuters) – Boeing Co <BA.N> reported a quarterly profit compared with a loss a year ago when it booked a charge, and raised its full-year core profit forecast. The world’s biggest maker of jetliners said it expects 2017 core earnings per share in a range of $9.80 to $10.00, up from its previous forecast of $9.20 to $9.40. Boeing earned $1.76 billion (1.34 billion pounds), or $2.89 per share, in the second quarter ended June 30, compared with a loss of $234 million, or 37 cents per share, a year earlier. Last year’s results included more than $2 billion in charges related to the 787, 747 and KC-46 tanker aircraft programs. The company’s core earnings, which excluded some pension and other costs, were $2.55 per share in the quarter. Revenue fell 8.1 percent to $22.74 billion. Commercial aircraft deliveries fell to 183 from 199. Boeing said it continues to expect to deliver 760-765 commercial aircraft in 2017.

(Reporting by Ankit Ajmera in Bengaluru; Editing by Saumyadeb Chakrabarty)
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