Q1 earnings drop by half, Boeing says

04/22/2009 | Wall Street Journal, The

"Unprecedented" challenges in the commercial aviation industry led to a 50% drop in Boeing Co.'s first-quarter earnings. Net income fell to $610 million for the March quarter, compared to $1.21 billion in the year-earlier period. Boeing now predicts full-year earnings of $4.70 to $5.00 a share, down from previous estimates of $5.05 to $5.35 a share.

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Wall Street Journal, The

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