Why Boeing Stock Just Jumped More Than 8%
Following the release of the aircraft manufacturer's second-quarter earnings, shares of Boeing (NYSE: BA) were up 8.2% as of 12:15 p.m. EDT.
Boeing just flew in a monster load of Q2 profits. As the company reported this morning, fiscal second-quarter profits of $2.89 per share were infinitely better than the $0.39 per share Boeing reported losing in last year's fiscal Q2. For the first half of this year, Boeing's GAAP profits of $5.22 per share are running roughly 2.5 times ahead of the $1.51 per share than Boeing had earned by this time last year.
That said, Q2 revenue of $22.7 billion was down 8.5% year over year, while H1 revenue of $43.7 billion is down 8.2% against last year's first half.
Source: Fool.com
Boeing Co. Stock
€171.38
-0.220%
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