Boeing announced a higher-than-expected profit in Q1 2018 and increased its earnings per share and cash flow forecast for the full year, thanks to a strong demand for air travel. Boeing, which sold a record 763 aircraft last year and has already announced an increase in supplies in the first three months of the year, raised its operating cash flow forecast for the full 2018 to 15.5 billion USD from its original 15 billion USD.
The company revised its earnings per share to 14.30-14.50 USD per share compared to the previous range of 13.80-14.00 USD per share.
The deliveries of Boeing’s commercial aircraft grew by 9% in the first quarter of the year to 184.
The company’s revenue rose by 6.5% to 23.38 billion USD. The main operating margin is up 10.7%, up from 8.5% an year earlier. The company’s profit rose to 2.48 billion USD compared to 1.58 billion USD an year ago.
Analysts expected earnings per share of 2.58 USD and earnings of 22.26 billion USD.
