7/28, 1:31 PM (Source: TeleTrader)
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Boeing's Q2 revenue tops estimates at $17 billion

Boeing Co. reported on Wednesday its second-quarter earnings results, revealing a better-than-expected revenue which annually surged 44% to $17 billion. The American planemaker reported net earnings of $567 million, with earnings per share of $1.00.

"We continued to make important progress in the second quarter as we focus on driving stability across our operations and transforming our business for the future... As we continue to position for a robust recovery, we remain committed to safety and quality, while investing in our people, products and technology," CEO David Calhoun commented in the report.

As Boeing posted its first quarterly profit since the third trimester of 2019, the company's shares jumped more than 3% in premarket trading.

Breaking the News / ND