Boeing Co. forecast a rise in cash flow this year and reported quarterly earnings well above estimates as it churned out 787 Dreamliners and other jets at a record pace.

Earnings excluding some pension expenses were $1.60 a share, Boeing said in a statement Wednesday, topping the $1.27 average of 18 analysts’ estimates compiled by Bloomberg. The planemaker said it expects to generate $10 billion in operating cash flow this year as it curbs Dreamliner costs, up from $9.36 billion in 2015.

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