Boeing Reports 57% Increase in Q1 Earnings, Beats EPS Forecast

A Boeing worker touches a Boeing 737 MAX 7 the newest version of Boeing's fastest-selling aircraft. The firm reported estimate beating

The Boeing Company disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CFO & EVP, Ent Perf & Strategy Smith Gregory D has sold 36,079 shares of The Boeing Company (BA) in trading session dated February 08, 2018. Arcus Capital Partners LLC now owns 1,640 shares of the aircraft producer's stock valued at $324,000 after purchasing an additional 12 shares during the period.

"Reflecting the strength of the cargo market, we now plan to increase the production rate on the 767 program from 2.5 to 3 per month beginning in 2020". Steinberg Global Asset Management's holdings in Boeing were worth $2,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other analysts have also commented on BA. Moreover, Cypress Funds Llc has 7.49% invested in the company for 147,000 shares. Boeing Co's shareholder Levy Harkins & Co Inc owns 120,102 shares as of Q4 2017. Vanguard Group Inc. raised its position in Boeing by 1.0% in the 2nd quarter.

SAN FRANCISCO - Despite Faceboook's problems surrounding its privacy practices and the way it handles user data, the Silicon Valley company on Wednesday reported a 63 increase in profit and a 49 percent jump in revenue for the first quarter, driven by continued growth in its mobile advertising business, which represents more than 90 percent of the firm's advertising revenue. The shares were sold at an average price of $337.43, for a total value of $12,174,136.97. Finally, Suntrust Banks Inc. grew its stake in Boeing by 5.0% in the second quarter. Bank of America has "Buy" rating and $320.0 target.

The stock went up 4.19% ($13.80) to $342.86, with the intraday high and the intraday low being at $344.89 and $330.72 respectively.

Israeli Government Won't Deport Tens Of Thousands Of African Migrants
Uganda recently backtracked on a deal with Israel to absorb several thousand migrants following days of negotiations in Kampala. Israeli authorities have been handing out notices to asylum seekers from Eritrea and Sudan since the beginning of the year.

FA confirms offer made to buy Wembley Stadium
The new Wembley Stadium opened in 2007 after a construction process which lasted four years in total. An aerial view of Wembley Stadium is seen on its opening day in London , March 17, 2007.

JK: Soldier, cop, militant killed in Pulwama gunfight
The army also announced that four militants had been killed. "Later, during searches, one more terrorist was killed", he said. Abid Ahmad of Khargund and Ishfaq Ahmad of Handoora were killed along with two non local militants in Lam forests of Tral .

Since February 8, 2018, it had 0 insider buys, and 1 insider sale for $12.17 million activity. Revenue rose 6% to $23.4 billion. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. Boeing's revenue was up 6.5% compared to the same quarter previous year. Apriem reported 0.22% in The Boeing Company (NYSE:BA). In Monday, January 29 report Berenberg maintained the stock with "Buy" rating. On Tuesday, January 16 the firm has "Buy" rating given by Robert W. Baird. They noted that the move was a valuation call. On Tuesday, January 23 the company was maintained by RBC Capital Markets. On Thursday, February 1 Wells Fargo maintained The Boeing Company (NYSE:BA) rating. The company now has a consensus rating of "Buy" and an average price target of $367.27.

In other Boeing news, CFO Gregory D. Smith sold 36,079 shares of the firm's stock in a transaction that occurred on Thursday, February 8th. About 7.05M shares traded or 20.88% up from the average. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer's stock valued at $972,919,000 after purchasing an additional 4,852,679 shares during the last quarter.

COPYRIGHT VIOLATION NOTICE: This piece was first posted by Enterprise Leader and is the sole property of of Enterprise Leader.

The Boeing Company, together with its subsidiaries, designs, develops, makes, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide.The company has $197.69 billion market cap. It operates in five divisions: Commercial Airplanes, Boeing Military Aircraft, Network & Space Systems, Global Services & Support, and Boeing Capital.The P/E ratio is 25.07.

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