Thank you Boeing Co.
The Boeing Company (NYSE:BA) is helping to lift stocks after a near 200 point plunge in the Dow Jones yesterday, Boeing beat the Street and its stock is flying.
Boeing Co (BA) shares have traded between $47.18 and $76 over the past 12 months. Boeing shares are now trading with a P/E Ratio of 52.7 and EPS of 1.28. BA shares are trading at $71.11, up 2.98% or $2.06 and volume is currently at 5,047,438 shares traded.
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Boeing reported earnings per share of $1.12 compared to Wall Street analysts' consensus estimates of $1.06. Revenues were up 1.7% year over year.
BA revised its 2010 earnings per share guidance, increasing it between $3.80 and $4.00 per share and operating cash flow guidance to greater than $1.5 billion reflecting the continued strong performance in its Commercial Airplanes business.
The commercial airplanes booked 221 net orders during the quarter as compared to net orders of 79 airplanes in previous year. Revenue guidance was revised between $64.5 billion and $65.5 billion.