- REAL TIME CURATION
- of financial feeds, Wall Street research, communities, and social media -
- by traders for traders;
- MARKET COMMENTARY:
- Real time alerts on important factors which will affect or are affecting the market including technical factors and floor imbalances;
- ACTIONABLE CONTEXT:
- If applicable, within seconds and minutes, utilizing our real time database of accumulated Wall Street research;
Boeing Sales Surpasses $100 Billion for the First Time
| 01/30/2019
The annual sales recorded by Boeing Co. has surpassed the $100 billion mark for the first time in the company’s 102-year history,
Boeing expects new gains in 2019
US-based plane manufacturer Boeing has seen its annual sales surpass the $100 billion mark for the first time in history. This latest development comes after the company experienced production snarls with its 737 jetliners.
The shares of Boeing has surged by 5 percent today following this new. NYSE: BA is up 18 points today and now trades at $383. This meant that Boeing is now in front of other blue-chip stocks this year.
The adjusted earnings for 2019 will be $19.90 to $20.10 per share after they experienced an increase in sales in all their businesses. Analysts had previously expected earnings of $18.44 per share. Boeing is now expecting operating cash flow to reach $17.5 billion.
The company experienced an increase in sales towards the end of the year. This saw their annual revenue reach $101.1 billion. The company’s defense sector recorded 16 percent sales gain during the fourth quarter. This countered the effect of factory stumbles that slowed down deliveries of the workhorse 737 jetliners, the company’s biggest source of profit.
Analysts are now expected to focus their attention on the strength of the company’s supply chain as jetliner production will help boost their cash flow.