Boeing Posts Strong Q3 Results
Boeing announced financial results for third quarter of 2014. The aerospace giant said that its earnings were bolstered by a strong demand for its jetliners.
Revenue for the quarter was up 7% to 23.8 billion. The company’s backlog of orders increased to a record $490 billion, representing over 5,500 commercial plane orders.
Core earnings per share on a non-GAAP basis rose 19% to $2.14, while non-GAAP core operating earnings were up 13% from September 2013 to $2.4 billion. GAAP earnings per share was $1.86 and GAAP earnings from operations was $2.1 billion.
The results were higher than market estimates and the aircraft manufacturer once again raised its earning guidance for 2014.
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