Boeing First-Quarter Profits Down
By Daniel Berg on 23 April 2014
A Boeing Dreamliner used for testing
Boeing announced financial results for the first quarter of 2014.
The Chicago-based aircraft manufacturer reported that first-quarter profits were down 13% to $965 million from $1.11 billion a year earlier.
Revenue for the quarter was up 8% to $20.47 billion in the quarter ended March 31 from $18.89 billion year-over-year.
The company booked 235 orders for new aircraft during the quarter. It has a backlog of more than 5,100 orders valued at $374 billion.
Boeing said it expects to see revenue of $87.5 billion to $90.5 billion in 2014. It expects to deliver between 715 and 725 commercial aircraft this year, up from 648 in 2013.
(Photo: Accura Media Group)
