Boeing 2Q net income tops expectations as deliveries ramp up; raises full-year guidance

Boeing posted a bigger-than-expected second-quarter profit as it ramped up deliveries of commercial planes like its 737 and 787.

Boeing’s net income rose 13 per cent to $1.09 billion, or $1.41 per share. During the same period last year it earned $967 million, or $1.27 per share. Revenue rose 9 per cent to $21.82 billion.

The results include costs from pensions. On that basis, analysts surveyed by FactSet had been expecting a profit of $1.30 per share with revenue of $20.79 billion.

Boeing Co. raised its full-year profit guidance to $6.20 to $6.40 per share — a dime higher than its old guidance. It now expects revenue of $83 billion to $86 billion, which is $1 billion more than it previously predicted.