Boeing Hits Quarterly Forecast Posting Sales Of More Than $100 Billion

Boeing announced its first quarterly results posting sales of more than $100 billion for the first time in its 102-year history due to an increase in commercial and military jet deliveries.The company delivered 806 commercial jets this year a 6% increase from last year.

Sales in its defense, space and security business also rose by 13% however it reported lower income and thinner profit margins.

Boeing unlike other companies was not slowed by the China-US trade disputes.The company now says that it expects 2019 sales to come in between $109.5 and $111.5 billion after this year’s sales rose by 8% to $101 billion.
Shares of Boeing (BA) shot up by 6% in early trading following the announcement.Shares had already been up 14% before the results we announced.

Leave a Reply

Your email address will not be published. Required fields are marked *