Boeing earnings beat quarterly expectations

Boeing logo
The Boeing Co. has its corporate headquarters in Chicago. (Boeing Photo)

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.

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By Alan Boyle

Mastermind of Cosmic Log, contributing editor at GeekWire, author of "The Case for Pluto: How a Little Planet Made a Big Difference," president of the Council for the Advancement of Science Writing. Check out "About Alan Boyle" for more fun facts.

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