Boeing beats Wall Street expectations in Q2

07/28/2010 | Reuters

Even with fewer deliveries and lower profits than last year, Boeing beat Wall Street expectations in the second quarter, reporting a net profit of $787 million, or $1.06 per share. The company's commercial airplane and defense units both saw lower revenue, declining 12% and 8% respectively. Boeing said its backlog for commercial jets stood at 3,304 aircraft with a value of $252 billion.

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