Boeing: Jetliner sales boost results

Boeing reported strong second-quarter earnings yesterday, lifted by higher commercial aircraft deliveries, and raised its profit outlook for the full year. Boeing’s net profit soared 52 percent from a year earlier to $1.65 billion (R17.5bn), while revenue rose 1 percent to $22.05bn. Core earnings a share rose 45 percent to $2.42, soundly topping analyst estimates of $2.01. The second-quarter results included a $272 million after-tax charge to reflect additional work on the KC-46A Tanker programme for the US Air Force, and a total of $524m in tax benefits. “Strong operating performance across our production programmes and services businesses drove revenue and earnings-per-share growth and healthy operating cash flow,” chief executive Jim McNerney said. – Sapa-AFP