Boeing profit tops forecasts; shares up on outlook

Boeing Co (BA.N), the world's second-largest plane maker, posted a stronger-than-expected quarterly profit on Wednesday, vaulting shares higher as investors took comfort in signs that 2010 would be a better year for the company than 2009.

Chicago-based Boeing, which suffered a drop in orders for its airplane last year as well as military budget cuts, predicted a profitable 2010.

Shares of Boeing, a Dow component, gained more than 5 percent on the New York Stock Exchange, even as the Standard & Poor's 500 Index .SPX fell 0.47 percent.

Read Full Article from Reuters

- Posted: 2010-01-27 14:27:04

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