--> BA -1.9% Pre mkt
Boeing beats by $0.06, reports revs in-line; guides FY17 EPS in-line
- Reports Q3 (Sep) earnings of $2.72 per share, $0.06 better than the Capital IQ Consensus of $2.66; revenues rose 1.7% year/year to $24.31 bln vs the $24.09 bln Capital IQ Consensus.
- Strong operating cash flow of $3.4 billion; repurchased 11 million shares for $2.5 billion
- Co issues raised guidance for FY17, sees EPS of $9.90-10.10 from $9.80-10.00 vs. $10.03 Capital IQ Consensus Estimate; raises FY17 cash flow to $12.5 bln vs $12.25 bln prior guidance
- "We achieved a number of key milestones in the quarter with the delivery of a record 202 commercial airplanes, including 24 737 MAXs as we continue the smooth introduction of that airplane. On the defense side, we booked $6 billion in new orders, including an initial contract award for the Ground Based Strategic Deterrent program and an award from the U.S. Navy for 14 F/A-18 Super Hornet aircraft."