- Boeing is up more than 5% Wednesday morning after a stellar earnings report.
- The planemaker increased both its quarterly earnings per share and revenue, and said it will deliver more aircraft in 2018 than 2017.
Boeing said it earned an adjusted $US4.80 per share, up almost double from the previous year, on revenues of $US25.37 billion. Many of the company’s gains came from as a result of the recent corporate tax cuts, which many US airlines have also benefitted from.
Most importantly, Boeing said it expects to deliver between 810 and 815 commercial planes in 2018, roughly 6% more than the 763 it delivered in 2017.
“Our teams delivered a record year of financial and operational performance as they focused on disciplined execution of production and development programs, growing services, and delivering value to customers,” CEO Dennis Muilenburg said in a press release. “That performance enables increased investments in our people and our business, and greater cash return to shareholders.