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Boeing outperforms expectations, boosting stock

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Boeing, which has its corporate headquarters in Chicago, is reporting record results. (Boeing Photo)

The Boeing Co. today reported better-than-expected financial results for the fourth quarter of 2017 and a rosier-than-expected outlook for the year ahead, sending its share prices up 5 percent.

“Thanks to the dedicated efforts of employees throughout our company, Boeing delivered 2017 financial results that included record earnings, record cash flow, and record commercial aircraft deliveries,” Dennis Muilenburg, the company’s CEO, president and chairman, told journalists and analysts in a conference call.

Boeing’s performance was boosted by an upturn in the airline industry’s jet purchases as well as the recently enacted tax-cut bill, and the company projects a continuation of the positive trend in 2018.

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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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