Shares of The Boeing Company (BA) are up more than 4% Wednesday morning following robust second-quarter results.
The company reported net income, first time since two years, of $587 million or $1.00 per share in the second quarter compared with net loss of $2.376 billion or $4.2 per share in the same quarter a year ago.
Core earnings for the quarter were $0.40 per share. On average seventeen analysts polled by Thomson Reuters expected the company to report loss of $0.72 per share.
Revenue for the quarter increased to $16.998 billion from $11.807 billion a year ago, driven by higher commercial airplane deliveries and services volume. The consensus estimate was for $17.78 billion.
BA, currently at $233.03, has traded in the range of $141.58 $278.57 in the last 52 weeks.
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