Boeing produces a third quarter profit of $1.1 billion

The Boeing Company (Chicago) reported third-quarter net income of $1.1 billion, or $1.46 per share, on revenue of $17.7 billion. Operating margin of 9.7 percent reflects continued strong core performance across the company’s businesses, partially offset by higher pension expense.

The company increased its 2011 earnings per share guidance to between $4.30 and $4.40 per share reflecting the strong core performance. Total company 2011 revenue is narrowed to between $68 and $70 billion. Operating cash flow guidance is unchanged.

Copyright Photo: Michael B. Ing.

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About Bruce Drum

I have started the ultimate digital photo library of the fascinating world of airliners and airlines. The goal is to have the complete history of all airlines and the various aircraft operated. I have been photographing airplanes since 1965. Join us in this adventure.