Boeing (BA) Tops Q4 EPS by 34c; Guides FY16 Below the Street

Boeing (NYSE: BA) reported Q4 EPS of $1.60, $0.34 better than the analyst estimate of $1.26. Revenue for the quarter came in at $23.6 billion versus the consensus estimate of $23.55 billion.

GUIDANCE:

Boeing sees FY2016 EPS of $8.15-$8.35, versus the consensus of $9.43. Boeing sees FY2016 revenue of $93-95 billion, versus the consensus of $97.17 billion.

"Building on our foundation of solid core operating performance and customer focus, Boeing extended its leadership of the aerospace industry in 2015 with record deliveries and revenues in commercial airplanes, and solid sales and healthy margins in our defense and space business. We also generated significant cash flow to fuel investments in innovation and our people, and provide compelling returns to our shareholders," said Boeing President and Chief Executive Officer Dennis Muilenburg. "With clear strategies and strong positions in our markets, a large and diverse order backlog worth nearly $500 billion, and multiple additional production rate increases planned yet this decade, we are well positioned for profitable growth and higher cash flow as we move into our second century in business."

"Our priorities for 2016 and beyond are to build on our existing strengths to deliver on current plans and commitments, and to stretch beyond them by accelerating progress on key enterprise growth and productivity initiatives, investing in our team, and creating more value and opportunity for our customers, shareholders and employees," Muilenburg said.

For earnings history and earnings-related data on Boeing (BA) click here.

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