The Boeing Co. reported quarterly revenue that went beyond what analysts were expecting, and the company’s CEO said he expected new airplane orders to come in at a “moderated but healthy pace” over the next year.
Fourth-quarter revenue was $23.3 billion, which translated to core earnings per share of $2.47. Even though total quarterly earnings were down about 1.2 percent year over year, the per-share figure is higher than analysts’ average predictions of $2.34 per share.
Revenue for the full year was $94.6 billion.
The bright spot came in commercial airline revenue, which beat expectations due to a delivery volume and mix that was higher than anticipated, Boeing said in today’s report.