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Boeing Q1 revenue decreased to $21 billion

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Staff Writer | April 26, 2017
Boeing
Boeing   GAAP earnings per share increased to $2.34

The Boeing Company reported higher first-quarter earnings and operating cash flow compared to the previous year, driven by solid execution on production programs and services.

First-quarter GAAP earnings per share increased to $2.34 and core earnings per share (non-GAAP) increased to $2.01.

Revenue decreased to $21.0 billion, reflecting the timing of commercial and defense aircraft deliveries.

POST forecast was EPS $1.91 and revenue $21.61 billion.

For the full year, GAAP earnings per share guidance increased to between $10.35 and $10.55 from $10.25 and $10.45 and core earnings per share (non-GAAP) guidance increased to between $9.20 and $9.40 from $9.10 and $9.30, primarily driven by a lower-than-expected tax rate.

Operating cash flow in the quarter of $2.1 billion was driven by solid operating performance and timing of receipts and expenditures.

During the quarter, the company repurchased 14.9 million shares for $2.5 billion, leaving $11.5 billion remaining under the current repurchase authorization which is expected to be completed over approximately the next two years.


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