Business

Boeing makes remarkable profit records, says 2019 will be more

Review Overview
Total Score0.0

New York (CNN Business)Boeing had its best year ever in 2018, and it expects this year to be even better.

The airplane maker posted sales of more than $100 billion for the first time because of increases in commercial and military jet deliveries.
Boeing, the nation’s leading exporter, was not slowed by concerns about trade disputes.

Sales rose 8% to $101 billion and topped forecasts. The company said it expects 2019 sales to come in between $109.5 and $111.5 billion.
Operating income rose 20% for the year to $10.7 billion.

Shares of Boeing (BA), one of the best performers on the Dow so far this year, shot up 6% in premarket trading Wednesday on the report. Shares had already been up 14% for the year.

About the Author

Leave a Reply

Your email address will not be published. Required fields are marked *