Investing.com - Global aircraft manufacturer Boeing (N:BA) reported better-than-expected third quarter earnings on Wednesday, helped by a strong jump in commercial aircraft deliveries.
Boeing earned $1.70 billion, or $2.47 per share, for the third quarter ended September 30, up from $1.36 billion, or $1.86 per share, a year earlier.
Core earnings, which exclude some pension and other costs, rose to $2.52 per share from $2.14. Analysts had expected earnings of $2.21 per share.
The company’s third quarter revenue totaled $25.85 billion, 9% higher than sales recorded in the same period a year earlier. Commercial aircraft deliveries rose about 7% to 199.
The upbeat results prompted the company to raise its 2015 per-share earnings estimate by 25 cents to a range between $7.95 to $8.15 and boosted its revenue view by $500 million to $95 billion to $97 billion.
Boeing also raised its estimate for commercial airplane deliveries by five planes and now expects deliveries to reach between 755 to 760 planes