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Old 01-23-2002, 09:11 AM   #1
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Boeing Earnings Meet Wall St. Estimates

Boeing Earnings Meet Wall St. Estimates
Boeing Co. (news/quote) (BA.N) said on Wednesday it earned $722 million in the fourth quarter but that profit was slashed by charges of over $600 million, mostly related to the Sept. 11 hijack attacks.

The world's largest plane-maker said it earned 90 cents per diluted share in the quarter, meeting the consensus analyst forecast as reported by Thomson Financial/First Call.

Charges totaling $622 million, or 78 cents a share, lowered Boeing's net profit to 12 cents a share for the quarter.

Revenues rose 6.8 percent, to $15.7 billion from $14.7 billion in the fourth quarter of 2000. For the full year, revenues rose 13.4 percent, to $58.2 billion from $51.3 billion in 2000.

Looking ahead, Boeing projected revenues would fall to $54 billion in 2002, $1 billion less than previous estimates, and to $52 billion in 2003.

http://www.nytimes.com/reuters/busin...ing-earns.html
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Old 01-23-2002, 09:11 AM   #2
Senior Member
 
Join Date: Sep 2001
Location: Plano,TX USA
Posts: 388
Boeing Earnings Meet Wall St. Estimates

Boeing Earnings Meet Wall St. Estimates
Boeing Co. (news/quote) (BA.N) said on Wednesday it earned $722 million in the fourth quarter but that profit was slashed by charges of over $600 million, mostly related to the Sept. 11 hijack attacks.

The world's largest plane-maker said it earned 90 cents per diluted share in the quarter, meeting the consensus analyst forecast as reported by Thomson Financial/First Call.

Charges totaling $622 million, or 78 cents a share, lowered Boeing's net profit to 12 cents a share for the quarter.

Revenues rose 6.8 percent, to $15.7 billion from $14.7 billion in the fourth quarter of 2000. For the full year, revenues rose 13.4 percent, to $58.2 billion from $51.3 billion in 2000.

Looking ahead, Boeing projected revenues would fall to $54 billion in 2002, $1 billion less than previous estimates, and to $52 billion in 2003.

http://www.nytimes.com/reuters/busin...ing-earns.html
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