Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Boeing Profit More Than Doubles In 3Q  
User currently offlineHAJFlyer From Switzerland, joined Sep 2005, 1473 posts, RR: 9
Posted (8 years 10 months 4 weeks 1 day 17 hours ago) and read 2347 times:

From AP:


CHICAGO (AP) -- Boeing Co. said Wednesday it more than doubled its third-quarter profit, aided by a large tax benefit and strong operating results, but the aircraft maker and defense contractor said the results for the fall quarter were hurt by a strike by airplane assembly workers.

The company raised its estimates for earnings in both 2005 and 2006, but its stock fell more than 3 percent in early trading.

The quarter was the company's first under new Chairman and CEO Jim McNerney and was marred by a four-week strike by the International Association of Machinists and Aerospace Workers, which Boeing said hurt earnings by 25 cents to 30 cents a share and caused it deliver 21 fewer airplanes than planned.

Earnings for the July-through-September quarter were $1.01 billion, or $1.26 per share, up from $456 million, or 56 cents per share, a year earlier.

Results included a gain of 62 cents per share for tax settlements and adjustments and numerous other one-time items: a gain of 45 cents per share for the sale of its Rocketdyne unit, 6 cents per share of additional expense for share-based plans and a charge of 14 cents per share for post-retirement expense related to the sale of operations in Wichita, Kan., and Tulsa, Okla.


http://biz.yahoo.com/ap/051026/earns_boeing.html?.v=6

Did anyone expect this after the strike ?

1 replies: All unread, jump to last
 
User currently offlineNAV20 From Australia, joined Nov 2003, 9909 posts, RR: 35
Reply 1, posted (8 years 10 months 4 weeks 1 day 16 hours ago) and read 2317 times:

It's very much what I was expecting - especially the improved outlook for 2006, which follows from their recent pretty spectacular success in the orders field. Does make you wonder how good the third quarter would have looked if they hadn't lost a month's production, though.


"Once you have flown, you will walk the earth with your eyes turned skywards.." - Leonardo da Vinci
Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Boeing Fourth-Quarter Net Income More Than Doubles posted Wed Feb 1 2006 13:52:52 by Leelaw
Has There Ever Been More Than 2 Acft In A Midair? posted Mon Dec 19 2005 06:24:29 by KDTWFlyer
NW May Need More Than $1.1 Bln In Cuts-Steenland posted Fri Aug 26 2005 00:26:52 by KarlB737
LH Operating Profit More Than Doubled posted Wed May 15 2002 12:10:13 by Fly-K
El Al - Can't Book More Than 2 Days In Advance? posted Tue May 14 2002 16:34:26 by Ryanb741
Thai Back In Africa After More Than 20 Years posted Tue Nov 7 2006 20:24:26 by 777way
AeroMexico Posts $11.4M Profit In 3Q posted Thu Oct 26 2006 21:19:57 by Fyano773
Why More Charter Airlines In Europe Than US? posted Mon Jul 10 2006 22:37:06 by BWI757
Ryanair Carry More Passengers Than BA In August posted Mon Sep 5 2005 18:38:23 by BestWestern
Subsidy War Could Harm Boeing More Than Airbus posted Sat Jun 26 2004 13:57:18 by Keesje