Boeing (BA) Tops Q4 EPS by 12c

Boeing (NYSE: BA) reported Q4 EPS of $2.47, $0.12 better than the analyst estimate of $2.35. Revenue for the quarter came in at $23.3 billion versus the consensus estimate of $23.19 billion.

GUIDANCE:

Boeing sees FY2017 EPS of $9.10-$9.30, versus the consensus of $9.24.

"With solid fourth quarter operating performance and a sharp strategic focus, we extended our aerospace market leadership in our centennial year and positioned Boeing for continued growth and success in our second century," said Chairman, President and Chief Executive Officer Dennis Muilenburg.

"We led the industry in commercial airplane deliveries for the fifth consecutive year, achieved healthy sales in our defense, space and services segments, and produced record operating cash flow, which fueled investment in innovation and our people and generated significant returns to shareholders."

"Looking forward, our team is intent on accelerating productivity and program execution to deliver increasing cash and profitability from our large and diverse order backlog of nearly $500 billion, standing up our new integrated services business, and capturing an even greater share of the the growing global aerospace market to deliver superior value to our customers, shareholders and employees."

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

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