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DOSSIER – In this photo of February 5, 2018, a Boeing 737 MAX 7, the latest version of Boeing's best-selling aircraft, is presented at a launch for employees and the media of the new jet plane in Renton, Washington. The Boeing Company Wednesday, January 30, 2019. (Photo AP / Elaine Thompson, File)
CHICAGO (AP) – Boeing has recorded for the first time an annual business turnover of more than $ 100 billion and rising shares after easily defeating Wall Street's expectations for profits and sales for the first time. fourth trimester.
The big numbers of the aircraft maker, who is heavily exposed to the dispute between the United States and China, sent out higher forward contracts about an hour before the opening bell on Wednesday.
While the airline industry also found its place after years of hardship, Boeing delivered 238 commercial aircraft during the quarter, up 14 percent from the same quarter of last year. They delivered 806 commercial aircraft in 2018, up 6% from 2017. Boeing expects it to be the same in 2019, anticipating deliveries of 895 to 905 commercial aircraft.
Boeing Co. has a net income of $ 3.42 billion, or $ 5.93. Earnings, adjusted for non-recurring gains, amounted to $ 5.48 per share, easily exceeding earnings per share of $ 4.52 sought by industry badysts, according to a Zacks Investment survey Research. Boeing announced earnings per share of $ 5.07 for the same period last year.
Revenues of $ 28.34 billion from the Chicago company also exceeded previous guidance of $ 26.65 billion and surpbaded $ 24.77 billion in the fourth quarter of last year.
Boeing expects earnings per share of between $ 19.90 and $ 20.10 per share for fiscal 2019, with revenues between $ 109.5 billion and $ 111.5 billion.
Boeing shares took off nearly 6% in pre-market trading. Shares were hit during the stalemate between Washington and Beijing, but rose 13% this year.
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