Boeing Shares Tumble as 2014 Profit Forecast Trails Views
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Boeing Co., the world’s largest planemaker, dropped the most in two years after it forecast profit for 2014 that fell short of analysts’ estimates amid a slowing pace of jet orders.
Earnings excluding some pension expenses will be $7 to $7.20 a share for 2014, the Chicago-based company said today in a statement. That compares with $7.07 in 2013 and an average estimate of $7.46 in a Bloomberg survey of 23 analysts.