Boeing flying high as profits soar
Afp, Chicago
US aviation giant Boeing Company announced Wednesday that its fourth-quarter profits more than doubled as it forecast strong growth in the next two years. Boeing said in a statement that its net income soared 147 percent to 460 million dollars, or 58 cents a share, for the fourth quarter, up from 186 million dollars, or 23 cents a share, for the same period a year ago. Wall Street analysts had forecast earnings per share of 44 cents in the fourth quarter. Boeing shares rose 5.3 percent in morning trade to 71.93 dollars on the stronger-than-expected results. Annual income rose 37 percent to 2.6 billion dollars, or 3.20 dollars a share, in 2005, the Chicago-based company said. "Our results and improved outlook reflect a strong commitment to growth, expanding margins and improving how we do business every day," Boeing chief executive officer Jim McNerney said in a statement.
|
|
