Boeing (BA) reported 2nd Quarter June 2017 earnings of $2.55 per share on revenue of $22.7 billion. The consensus earnings estimate was $2.32 per share on revenue of $23.0 billion. The Earnings Whisper number was $2.40 per share. Revenue fell 8.1% compared to the same quarter a year ago.
The company said it now expects 2017 earnings of $9.80 to $10.00 per share and continues to expect revenue of $90.50 billion to $92.50 billion. The company's previous guidance was earnings of $9.20 to $9.40 per share and the current consensus earnings estimate is $9.42 per share on revenue of $91.72 billion for the year ending December 31, 2017.
In Oct 2015 Earnings were similar..
So essentially the move is euphoric given the guidance is not exceptionally higher from prv one. sell zone 250-253
The company said it now expects 2017 earnings of $9.80 to $10.00 per share and continues to expect revenue of $90.50 billion to $92.50 billion. The company's previous guidance was earnings of $9.20 to $9.40 per share and the current consensus earnings estimate is $9.42 per share on revenue of $91.72 billion for the year ending December 31, 2017.
In Oct 2015 Earnings were similar..
So essentially the move is euphoric given the guidance is not exceptionally higher from prv one. sell zone 250-253