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Boeing exceeded expectations for the third quarter and raised its forecast for the increase in defense spending for this year. Sales of commercial aircraft and the tax benefit allowed to increase their profits by 31%.
The Chicago-based aircraft manufacturer made a profit of $ 2.36 billion, or $ 4.07 a share. According to a Zacks Investment survey, adjusted earnings per share were $ 3.58, exceeding the 13-cent estimate. After the earnings report, the company's shares rose by 3.41%.
Revenues increased 4% to $ 25,150 million. The forecast reached 23.72 billion dollars. The company has recently won contracts for several projects, including a new UAV program and the helicopter MH 139.
Equipment Maintenance and
New Weapon Systems
Boeing is waiting now at a profit of between $ 14.90 and $ 15.10 per share by 2018, ranging from $ 14.30 to $ 14.50. In addition, it has increased revenue forecasts by $ 1 billion, to reach between 100 and 100 billion US dollars.
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