Boeing on October 24 beat most forecasts by reporting a net profit rise of 61 percent to 1.1 billion dollars and lifted its outlook despite recently announced delays in its key 787 Dreamliner programme.
The aerospace giant's profit for the third quarter translates to 1.44 dollars per share, well ahead of the average Wall Street projections of 1.24 dollars.
Revenues grew 12 percent from the same period a year ago to 16.5 billion dollars per share. The company, in a dogfight with Europe's Airbus for supremacy in civil aviation raised its per-share profit outlook for the full year to 5.05 to 5.15 dollars and increased its revenue outlook to 66 billion dollars for all of 2007.
The improved outlook came despite a six-month delay announced earlier this month in its touted 787 Dreamliner programme, the new jet seen as the future profit driver for the US aviation giant.
"Our focus on growth and productivity is driving strong financial performance across our company," said Boeing chairman, president and chief executive Jim McNerney.
"With our record backlog and healthy, growing markets, the tasks at hand are to execute our programmes, continue expanding our business base, and become more 224 billion dollars, increasing 46 percent in the last year.
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