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Boeing Smashes Q4 Earnings Estimate, Forecasts Record Plane Deliveries in 2019
Boeing blasted fourth quarter earnings estimates Wednesday and sees record plane deliveries in 2019, sending shares sharply higher in pre-market trading.
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Boeing said earnings for the three months ending in December came in at $5.48 per share, a 79% increase from the same period last year and smashing the Street forecast by more than $1 per share.
Group revenues were largely in-line at $28.34 billion.
Looking into 2019, Boeing sees record commercial airplane deliveries of between 895 and 905 aircraft, the company said, up from 805 last year. while group revenues will like hit a range of $109.5 billion to $111.5 billion, well ahead of the consensus forecast of $106 billion. With margins improving to at least 10.5%, Boeing hinted, earnings should come within a range of $19.90 to $20.10, firmly ahead of the Refinitiv forecast of $18.30 per share.
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https://www.thestreet.com/investing/earn...9-14849814
![[Bild: BAc1dl1455.png]](https://finviz.com/publish/013019/BAc1dl1455.png)
Boeing blasted fourth quarter earnings estimates Wednesday and sees record plane deliveries in 2019, sending shares sharply higher in pre-market trading.
...
Boeing said earnings for the three months ending in December came in at $5.48 per share, a 79% increase from the same period last year and smashing the Street forecast by more than $1 per share.
Group revenues were largely in-line at $28.34 billion.Looking into 2019, Boeing sees record commercial airplane deliveries of between 895 and 905 aircraft, the company said, up from 805 last year. while group revenues will like hit a range of $109.5 billion to $111.5 billion, well ahead of the consensus forecast of $106 billion. With margins improving to at least 10.5%, Boeing hinted, earnings should come within a range of $19.90 to $20.10, firmly ahead of the Refinitiv forecast of $18.30 per share.
...
https://www.thestreet.com/investing/earn...9-14849814
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