Boeing's earnings decline, but above expectations
Posted by adminBoeing released a quarterly earnings above expectations but down from last year due to lower deliveries of aircraft.
The U.S. group, world number two sector behind Airbus (EADS) has achieved in second quarter net earnings of $ 787 million, or $ 1.06 per share, against 998 million ($ 1.41 per share) a year earlier.
Financial analysts had expected a profit of $ 1.01 per share according to Thomson Reuters I / B / E / S.
The quarterly revenue fell 9% year on year to 15.6 billion dollars.
Sales of the division of civil aviation has dropped 12% to $ 7.4 billion aircraft deliveries declined by 9%.Boeing Commercial Airplaines recorded 88 orders for the quarter and 20 cancellations.
The backlog stood at 3,304 civil aircraft late June, for a value of 252 billion dollars.
The turnover of the defense business has declined in parallel from 8% to $ 8 billion, mainly due to lower volumes in the Network & Space Systems branch.
Net sales of Boeing Capital has dropped 3% to 162 million.