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LMI Aerospace Inc. Message Board

  • yogifenwayduncan yogifenwayduncan Oct 23, 2013 8:14 AM Flag

    ba earnings

    should help us tda

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    • not to mention beav

    • Agree. Also check out earnings and today's price action for B/E Aerospace (BEAV), another player in this space. Continued evidence that there's more upside in tis sector. GLTA

      Sentiment: Buy

    • Boeing raises forecast as third-quarter profit jumps; stock soars
      REUTERS — 52 MINUTES AGO
      By Alwyn Scott

      (Reuters) - Boeing Co reported a 12 percent jump in profit on Wednesday, handily beating estimates as commercial aircraft production and margins soared, and raised its full-year forecast, sending its shares up nearly 6 percent.

      The company also said it will speed up production of its new, high-tech plane, the 787 Dreamliner, a long-awaited move that comes after a series of problems.

      The strong results from the commercial airplane business, which pushed out more planes at higher profit margins, compensated for weakness in the defense unit, where revenue rose just 3 percent and margins contracted.

      The gains in commercial aircraft showed that Boeing was not only on target to deliver a record number of jetliners this year, but was producing them efficiently.

      "Consistently strong operating performance is driving higher earnings, revenue and cash flow," Boeing Chief Executive Jim McNerney said in a statement.

      The commercial aircraft operating margin rose to 11.6 percent in the latest quarter from 9.5 percent a year ago. But the gain begged the question of "whether this is a 'one off', or whether such levels can be sustained," analyst Robert Stallard at RBC Capital Markets wrote in a note.

      Margins will come under pressure as 787 output increases because the jet's production process is less mature and less efficient.

      "Clearly the 787 will be more detrimental for margins," said Ken Herbert, analyst at Canaccord Genuity Inc.

      PROFIT, MARGINS JUMP

      Net income rose to $1.51 a share from $1.35 a year ago as revenue increased 11 percent to $22.13 billion, Boeing said. The gain came largely from a 14 percent surge in deliveries to 170 aircraft in the quarter.

      Core earnings, which exclude some pension and post-retirement costs, jumped 16 percent to $1.80 a share from

      $1.55.

      The core earnings and revenue results topped analysts' expectations of $1.55 a share and reven

      Sentiment: Strong Buy

 
LMIA
14.34+0.11(+0.77%)Jan 23 4:00 PMEST

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