Before the opening bell on Wednesday morning, Boeing (BA ) reported its fourth quarter results, posting higher revenues and earnings than last year’s Q4.
BA's Earnings in Brief
- Boeing reported fourth quarter revenues of $24.47 billion, marking a 3% gain over last year’s Q4 revenues of $23.79 billion.
- Core earnings for the quarter came in at $2.34 billion, or $2.31 per share, compared to last year’s figures of $1.84 billion, or $1.88 per share.
- BA beat analysts’ expectations of $2.10 EPS and revenues of $23.78 billion.
- Looking ahead to FY2015, BA sees revenue in the range of $94.5 billion to $96.5 billion and core EPS in the range of $8.20 to $8.40. Analysts expect EPS of $8.64 on revenues of $93.25 billion.
Boeing Chairman and Chief Executive Officer Jim McNerney had the following comments: “Strong operating performance in the final quarter of 2014 propelled us to some of our best-ever results and sealed a fifth consecutive year of core operating earnings growth. By responding to strong demand with market-leading and proven products and capabilities, and delivering them more efficiently, we are strengthening a powerful business platform that is providing increased returns for our shareholders.”
Boeing will pay its next 91-cent quarterly dividend on March 6. The stock goes ex-dividend on February 11.
BA stock was up $4.10, or 3.9%, in pre-market trading.