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Boeing Q3 earnings soar 25% on deliveries of huge orders
Revenues for the period came in at USD 25.85 billion, up 8.7 percent from a year ago, translating into net earnings of USD 1.70 billion, up 25.1 percent over the third quarter of 2014.
New York: Boeing earnings soared in the third quarter as deliveries picked up on its huge backlog of orders, the company reported Wednesday.
Revenues for the period came in at USD 25.85 billion, up 8.7 percent from a year ago, translating into net earnings of USD 1.70 billion, up 25.1 percent over the third quarter of 2014.
Per-share earnings of the world's leading aircraft maker grew even faster, rising 33.0 percent to USD 2.50.
"By continuing to profitably deliver on our large and diverse backlog, we are driving strong growth in revenue, earnings and cash flow," said president and chief executive Dennis Muilenburg in a statement.
"Solid operating performance across our commercial and defense businesses during the quarter also supported our continued investment in innovation and our people, and our commitment to return cash to shareholders."