NEW YORK (MarketWatch) - Boeing Co. (BA) reported its third-quarter profit rose 12% to $1.2 billion, or $1.51 a share, from $1.0 billion, or $1.35 a share, a year earlier. Adjusted to exclude pension and retirement costs, the the aircraft manufacturer earned $1.80 per share, up from $1.55 a year earlier. Revenue rose to $22.1 billion, from $20.0 billion a year earlier, the company said Wednesday. Analysts had expected earnings of $1.51 a share on revenue of $21.7 billion, according to FactSet. The firm also raised its full-year 2013 earnings expectations, upping its per-share profit estimate to a range of $5.40 to $5.55, from its earlier expectation of $5.10 to $5.30. The company chalked up its results to strong operating performance. Shares in Boeing were up 2.3% in premarket trading.
-Ben Eisen; 415-439-6400; AskNewswires@dowjones.com
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10-23-13 1122ETCopyright (c) 2013 Dow Jones & Company, Inc.
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