Boeing Jumps Most Since August as Full-Year Forecast Raised
This article is for subscribers only.
Boeing Co. climbed the most in eight months after the world’s largest aerospace company posted a first-quarter profit that beat analysts’ estimates and raised its 2012 forecast.
Net income rose 58 percent to $923 million, or $1.22 a share, buoyed by increased deliveries of commercial jets, Boeing said today in a statement. The shares jumped 5.3 percent to $77.08 at the close in New York, leading the advance in the Dow Jones Industrial Average.