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Boeing Falls After Affirming Outlook

The company might raise its dividend next year.


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reaffirmed its forecast for this year and next, but analysts were apparently hoping the airplane maker would lift its guidance.

The Chicago-based company said fiscal 2007 earnings should be $4.55 to $4.75 a share on revenue of $64.5 billion to $65 billion. For 2008, Boeing is still targeting a profit of $5.55 to $5.75 and revenue of $71 billion to $72 billion.

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While Boeing offered the identical expectations last month, Wall Street has grown more optimistic.

On average, analysts surveyed by Thomson Financial are looking for earnings of $4.89 and a top line of $65.05 billion this year. For next year, the consensus estimates are for a profit of $6.11 a share and revenue of $72.86 billion.

At the same time, Boeing, which is holding an investor conference Wednesday, suggested it could pay a higher dividend next year. The company's latest declared quarterly dividend calls for it to pay 35 cents a share June 1 to its stockholders of record May 11.

Shares of Boeing fell 87 cents, or 0.9%, to $95.61 ahead of the open.