Boeing Lowers Guidance After Cruising Past Earnings Expectations For Q2Leave a Comment
Boeing lowered its guidance for EPS to a range of $7.70 – $7.90, from $8.20 – $8.40 for the rest of the year after crushing second-quarter earnings expectations.
The aerospace giant reported an 11% increase in revenues to $24.5 billion due to “record commercial deliveries” before the marked opened today.
CEO Dennis Muilenburg said in the earnings statement: “Record commercial airplane deliveries to customers worldwide drove solid revenue growth, and the strength of our overall portfolio and diligent focus produced significant operating cash flow during the quarter.”
“Strong operating performance across our commercial and defense production programs partially offset the tanker charge and enabled us to maintain our commitments to return cash to our shareholders and invest in innovation and our people.”