World’s Biggest Plane Maker, Boeing, Reports 19% Rise in Quarterly Profits

By: | January 31st, 2015

Wikimedia Commons

Boeing has confirmed reports that the company’s business is booming by reporting a 19 percent rise in quarterly profits.

The world’s biggest plane maker saw its shares rise around 4 percent in premarket trading after outperforming rival Airbus with 723 jetliner deliveries in 2014.

Boeing’s revenue increased by 3 percent to $24.47 billion and total commercial aircraft deliveries rose 13 percent in the fourth quarter, which ended December 31.

The company is predicting core earnings of $8.20-8.40 per share for 2015.

Technology, engineering, and design enthusiast.

Google+ 

More articles from Industry Tap...