Boeing beats analysts’ estimates with an increase in jetliner deliveries

Profits at Boeing, the world's largest planemaker, jumped the most in 17 months after raising its 2013 profit forecast and beating analysts' third-quarter estimates with an increase in jetliner deliveries.

Revenue rose 11 per cent to $22.1 billion. Commercial sales increased 15 per cent to $14 billion, with deliveries up 14 per cent to 170 aircraft, while defence grew 3 per cent to $8.05 billion. Full-year profit will be $6.50 to $6.65 a share, up from a range of $6.20 to $6.40, the firm said. Earnings on that basis were $1.80 a share for the three months ended in September, topping estimates compiled by Bloomberg.

Revenue and free cash flow are surging as Boeing speeds the production tempo for single-aisle 737s, wide-body 777s and 787 Dreamliners, blunting the effect of a slowdown in military sales. – (Bloomberg)