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Boeing Beats Earnings Expectations as Jet Production Takes Off

Boeing reported better-than-expected first quarter earnings on Wednesday, boosted by faster commercial jet production. Boeing reported core earnings of $1.76 a share, beating the mean analyst estimate of $1.56, according to Thomson Reuters. Shares of Boeing climbed on the news, which was welcome to investors after the company's conservative full-year forecast in January. Boeing said that 161 new planes rolled off assembly lines during the period, compared to the 137 it delivered last year.