Boeing Profit Beats Estimates as Deliveries of 777 Rise

Boeing Co.’s first-quarter profit beat analysts’ estimates as increased deliveries for 777- and 737-model jets made up for the halt in buyers picking up Dreamliners while that plane was grounded.

The stock reached the highest since 2007 after Boeing said today that profit excluding some pension expenses climbed 5.3 percent to $1.87 billion, or $1.73 a share, from $1.77 billion, or $1.40, a year earlier. Analysts projected $1.49 a share on that basis, the average of 18 estimates compiled by Bloomberg.