Boeing Guides Below Estimates to Reflect Lower Volumes and Risks (BA)
1/27/2010-Boeing (NYSE:BA) reported Q4 EPS of $1.75, topping consensus estimates of $1.36.
Sales in the quarter jumped 42% year-over-year to $17.9 billion, and came in ahead of consensus estimates of $17.6 billion.
Boeing expects 2010 EPS of $3.70 - $4.00 (vs. consensus estimates of $4.26), which "reflects lower volumes and considers risks."
"We put a strong finish on 2009 by getting the 787 in the air and generating solid core operating performance across the company," said Jim McNerney, Boeing chairman, president and chief executive officer. "Focus areas for 2010 are to continue our strong operational performance, certify and deliver the 787 and 747-8, and further reposition our defense, space and security business. While the challenges ahead are significant, I believe we have the people and the resources we need to be successful and to begin consistently delivering on this company's great potential."