On Wednesday, Boeing reported results for the fourth quarter of 2017 that topped Wall Street predictions, and it gave a stronger-than-expected forecast of profit and revenue in 2018. Not only did Boeing lose the trade case, but it drove Bombardier into a tie-up with Airbus, strengthening Boeing’s chief rival. Boeing’s fourth-quarter profit nearly doubled from a year ago, to $3.13 billion, helped by record deliveries and recent tax legislation. That beat the $2.91 per share forecast from analysts surveyed by Zacks Investment Research. Boeing expects 2018 adjusted earnings between $13.80 and $14 per share and revenue of $96 billion to $98 billion.

Source: thestar January 31, 2018 20:37 UTC