Free cash flow was $2.47 billion in the fourth quarter, Boeing said in an earnings report Wednesday, exceeding the $1.66 billion expected by analysts. Profit beatsAdjusted fourth-quarter earnings were $4.80 a share, the Chicago-based company said, or $3.06 a share excluding the tax gain. But earnings per share have continued to rise, boosted in part as buybacks contributed to a 15% drop in the company’s average share count. The planemaker is forecasting sales growth in 2018 as Boeing lifts 737 output by 11% and pockets additional tax savings. Revenue will range from $96 billion to $98 billion, the company predicted, compared with the $93.6 billion expected by analysts.

Source: Mint January 31, 2018 13:30 UTC