26 Oct Boeing Updates Guidance Full Year 2016
Jet maker Boeing has published its third quarter earnings before the bell on the 26th of October. The jet maker beat the EPS consensus by $0.89.
When providing its full year guidance at the start of the year the US jet maker delivered a guidance that was below expectations as it guided lower on the number of commercial deliveries for the year. In Q2 Boeing adjusted the EPS estimates and operating margin guidance, reflecting charges it took during the quarter.
In its Q3 report Boeing has updated its guidance once again:
- BCA is now expected to book revenues of $64.5B-$65.5B up from $64B-$65B, reflecting deliveries of 745-750 airframes up from 740-745
- Revenues for the Network & Space Systems segment are expected to be $300 million lower, but are offset by higher expectations for Boeing Military Aircraft and Global Services & Support
- The EPS guidance has been increased by $0.70 to reflect part of the tax adjustment
The full analysis by AeroAnalysis can be found here.