ARLINGTON, Va. (AP) — ARLINGTON, Va. (AP) — Boeing Co. (BA) on Tuesday reported fourth-quarter net income of $8.22 billion, after reporting a loss in the same period a year earlier.
On a per-share basis, the Arlington, Virginia-based company said it had profit of $10.23. Losses, adjusted for non-recurring gains, were $1.91 per share.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 40 cents per share.
The airplane builder posted revenue of $23.95 billion in the period, which beat Street forecasts. Six analysts surveyed by Zacks expected $22.17 billion.
Boeing shares have risen 14% since the beginning of the year, while the S&P’s 500 index has climbed 1.5%. The stock has climbed 41% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BA at https://www.zacks.com/ap/BA
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