Boeing stock surges following third-quarter numbers

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

dreamlinerSEATTLE — Boeing stocks surged Wednesday following a better-than-expected third quarter earnings report for the aeronautics company.

Shares increased following a report that third-quarter core earnings increased 16 percent to a revenue of $22.1 billion.

Boeing officials said the company delivered more planes than they expected during the third quarter, and sales were higher than anticipated across the board.

“Consistently strong operating performance is driving higher earnings, revenue and cash flow as we deliver on our record backlog and return increased value to shareholders,” Boeing Chairman and President Jim McNerney said. “During the quarter, Commercial Airplanes completed the first flight of the 787-9 and delivered 170 airplanes, while Defense, Space and Security maintained solid performance and captured $ 7 billion in new orders.”

The news sparked the stock to jump the largest number in 17 months, up 5.1 percent early Wednesday. Boeing is expected to continue to increase sales of its 787 Dreamliner in the coming months.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.