Investing.com - Boeing (NYSE:BA) reported third quarter earnings that beat analyst's expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $4.07 on revenue of $25.15B. Analysts polled by Investing.com expected EPS of $3.53 on revenue of $24.28B. That compared to EPS of $3.06 on revenue of $24.31B in the same period a year earlier. The company had reported EPS of $3.33 on revenue of $24.26B in the previous quarter.
Boeing shares gained 4.27% to trade at $365.00 in pre-market trade following the report.
For the year, Boeing shares are up 18.36%, outperforming the Dow 30 which is up 1.54% year to date.
Boeing follows other major Capital Goods sector earnings this month
On Tuesday, 3M (NYSE:MMM) reported third quarter EPS of $2.58 on revenue of $8.15B, compared to forecasts of EPS of $2.72 on revenue of $8.45B.
Honeywell (NYSE:HON) earnings beat analyst's expectations on Friday, with third quarter EPS of $2.03 on revenue of $10.76B. Investing.com analysts expected EPS of $1.99 on revenue of $10.75B
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