Boeing Beats Expectations, Retains Upbeat Forecast

Boeing(BA Quote) said it easily beat Wall Street's earnings forecast for the first quarter, as the Puget Sound earthquake at the end of February didn't have a major financial impact on the company's results.

The jetmaker said it earned $762 million, or 89 cents a share, excluding nonrecurring items, in the first quarter. Sixteen analysts polled by Thomson Financial/First Call were expecting Boeing to produce earnings of 80 cents a share, up significantly from 41 cents in the year-ago period. ...