Boeing Rises after Topping Expectations
Boeing (BA ) posted 32 cents, vs. 46 cents, third-quarter earnings per share (reported) on 4% lower revenue. The aircraft manufacturer's results topped analysts' average estimate of 25 cents earnings per share. Boeing raised the 2003 revenue guidance to $50 billion on strong defense sales; the earnings per share outlook was revised to a 2 cents to 12 cents loss (GAAP) to reflect the decision on the 757 jet program. S&P reiterates buy.
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