Boeing Posts a Strong 3rd Quarter

Late yesterday, Boeing, the world's second largest commercial aircraft manufacturer by deliveries, reported its results for the 3rd quar...

Late yesterday, Boeing, the world's second largest commercial aircraft manufacturer by deliveries, reported its results for the 3rd quarter of calendar year 2012. The Seattle-based original equipment manufacturer(OEM) reported a net profit of $1.03 billion ($1.35 per share) on revenues of more than $20 billion.

Revenues grew 13%  versus Q3 2011, driven primarily by a 28% growth in revenue at Boeing Commercial Airplanes (BCA). The commercial unit delivered 149 aircraft versus 127 in Q3 2011.

While Boeing's net margin fell from 6.1% to 5.2%, its financial results beat consensus analyst projections of $1.12-$1.15, driven in part by better than expected improvement in margins on the 787 program.

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