Boeing Rises, General Dynamics Falls on Q4 Earnings

Filed under: Earnings Reports, Boeing Co (BA), General Dynamics Corp (GD)

Aircraft builders Boeing Co. (BA) and General Dynamics Corp. (GD) posted solid fourth-quarter earnings on Wednesday, but with disappointing guidance for the year.

Chicago-based Boeing said it earned $1.3 billion, or $1.75 per share, compared with a loss of $86 million, or $0.12 cents per share, in the year-ago period. Sales rose 2.9% from a year ago to $17.9 billion as Boeing doubled commercial aircraft deliveries for the period. A survey of analysts by Thomson Reuters predicted a $1.36 profit on $17.6 billion in revenue.

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Boeing Rises, General Dynamics Falls on Q4 Earnings originally appeared on BloggingStocks on Wed, 27 Jan 2010 18:20:00 EST. Please see our terms for use of feeds.

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