Boeing beats Street 4Q forecasts

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Boeing beats Street 4Q forecasts
FILE - In this July 24, 2017 file photo, the Boeing logo appears above a trading post on the floor of the New York Stock Exchange. Boeing Co. on Wednesday, Jan. 31, 2018, reported fourth-quarter profit of $3.13 billion. The Chicago-based company said it had net income of $5.18 per share. Earnings, adjusted for pretax gains, came to $4.80 per share.(AP Photo/Richard Drew)

CHICAGO (AP) — Boeing Co. is reporting a fourth-quarter profit of .13 billion.

The Chicago company on Wednesday reported net income of .18 per share. Earnings, adjusted for pretax gains, came to .80 per share.

The results topped Wall Street expectations for .91 per share, according to a survey by Zacks Investment Research.

The airplane builder posted revenue of .37 billion in the period, also topping analyst projections of .83 billion.

Boeing expects full-year earnings in the range of .80 to per share, with revenue in the range of billion to billion.

Shares of Boeing Co. are up sharply before the opening bell.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BA at https://www.zacks.com/ap/BA