Stock market quotes, forex, financial news, forex tools –

Champions in aircraft industry: Boeing surprises investors with its profit

 Breaking News
Champions in aircraft industry: Boeing surprises investors with its profit
July 26
09:00 2018

Another large concern has made public its financial report for the second quarter of this year. This time, the manufacturer of aircraft, space and military equipment – the US Company Boeing- has published its results. The figures are impressive! The Americans has managed to get much more revenue and profit than the market expected. The only business unit that slightly disappointed investors was Boeing Commercial Airplanes. We recall that it is engaged in the aircraft production for civil aviation.

A net profit for the reporting period (II quarter of this year) has increased by 26% to $ 2.2 billion. Thus, profit is equal to $ 3.73 per share. Last year, the figures were as follows: 1.75 billion US dollars of profit, 2.87 US dollars per share.

Adjusted earnings have totaled $ 3.33 per share. Market experts widely agreed that that figure would not grow more than $ 3.25 per share.

The revenue of the American aircraft builders has risen to $ 24.26 billion with an increase of 5%. The company has sold 194 civil aircraft for this period of time. For comparison, 183 civil aircrafts were sold in the prior-year period.

Last quarter was extremely successful for the company in obtaining new orders. So, Boeing Commercial Airplanes got orders for 239 aircrafts (91 of them – a wide-bodied airliner). At the moment, there are pre-orders for almost 6 thousand aircrafts with a total cost of 416 billion US dollars.

This year, the American aviation concern is going to deliver approximately 815 passenger liners to its customers, successfully overcoming the current problems with the supply of necessary parts.

We also note that since the beginning of this year, the company’s capitalization has increased by 21.5%, breaking the mark of 208 billion US dollars.


The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

Related Articles


No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment