This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-35419768
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Boeing profit outlook disappoints | Boeing profit outlook disappoints |
| (35 minutes later) | |
| The earnings outlook from the US planemaker Boeing has missed forecasts. | The earnings outlook from the US planemaker Boeing has missed forecasts. |
| In a statement, the company said it expected to make between $8.15 and $8.35 a share with revenue between $93bn (£65bn) and $95bn, lower than forecasts of $9.41 per share from revenue of $97bn. | In a statement, the company said it expected to make between $8.15 and $8.35 a share with revenue between $93bn (£65bn) and $95bn, lower than forecasts of $9.41 per share from revenue of $97bn. |
| Shares dropped 7% in early trading in New York. | |
| Boeing said it expects to deliver 740 to 745 planes this year, down from 762 in 2015. | Boeing said it expects to deliver 740 to 745 planes this year, down from 762 in 2015. |
| Net income in the fourth quarter fell to $1.03bn from $1.47bn a year earlier. | Net income in the fourth quarter fell to $1.03bn from $1.47bn a year earlier. |
| "Boeing extended its leadership of the aerospace industry in 2015 with record deliveries and revenues in commercial airplanes, and solid sales and healthy margins in our defense and space business," said the president and chief executive Dennis Muilenburg. | "Boeing extended its leadership of the aerospace industry in 2015 with record deliveries and revenues in commercial airplanes, and solid sales and healthy margins in our defense and space business," said the president and chief executive Dennis Muilenburg. |
| Last week the company announced it would halve production of its 747-8 jumbo jet, taking production from 12 to six, due to slowing demand. As a result, it took a charge of $569m. | Last week the company announced it would halve production of its 747-8 jumbo jet, taking production from 12 to six, due to slowing demand. As a result, it took a charge of $569m. |