Investing.com - Boeing (NYSE:BA) reported fourth quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $5.48 on revenue of $28.34B. Analysts polled by Investing.com anticipated EPS of $4.57 on revenue of $26.88B. That compared to EPS of $3.06 on revenue of $25.37B in the same period a year earlier. The company had reported EPS of $3.58 on revenue of $25.15B in the previous quarter.
Boeing shares gained 4.90% to trade at $382.80 in pre-market trade following the report.
For the year, Boeing shares are up 13.15%, outperforming the Dow 30 which is up 6.59% year to date.
Boeing follows other major Capital Goods sector earnings this month
On Tuesday, 3M reported fourth quarter EPS of $2.31 on revenue of $7.95B, compared to forecasts of EPS of $2.28 on revenue of $7.87B.
United Technologies earnings beat analyst's expectations on Wednesday, January 23, 2019, with fourth quarter EPS of $1.95 on revenue of $18.04B. Investing.com analysts expected EPS of $1.55 on revenue of $16.82B
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