FILE - In this Friday, March 31, 2017, file photo, Boeing employees walk the new Boeing 787-10 Dreamliner down towards the delivery ramp area at the company's facility in South Carolina after conducting its first test flight at Charleston International Airport in North Charleston, S.C. The Boeing Co. reports earnings, Wednesday, April 26, 2017. (AP Photo/Mic Smith)

Boeing beats 1Q profit forecasts

April 26, 2017 - 7:47 am

CHICAGO (AP) — Boeing Co. is reporting a first-quarter profit of $1.45 billion.

The Chicago-based company said it had net income of $2.34 per share. Earnings, adjusted for non-recurring gains, came to $2.01 per share.

The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.91 per share.

The airplane builder posted revenue of $20.98 billion in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $21.44 billion.

Boeing expects full-year earnings in the range of $9.20 to $9.40 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BA at https://www.zacks.com/ap/BA

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Keywords: Boeing, Earnings Report, Priority Earnings

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