NEW YORK (TheStreet) -- Shares of Boeing Co. (BA) - Get Boeing Company Report are higher by 3.37% to $136.94 at the start of trading on Wednesday morning, after the aerospace company reported its 2014 fourth quarter earnings results which improved year-over-year and topped analysts' estimates.
For the most recent quarter Boeing said its core non-GAAP earnings were $2.31 per share versus $1.88 per share for the 2013 fourth quarter.
Analysts polled by Thomson Reuters were expecting Boeing to post earnings of $2.11 per share for the quarter.
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The company's revenue was $24.5 billion, a 3% increase over the same period last year.
Analysts had forecast for revenue of $23.9 billion for the latest quarter.
Separately, TheStreet Ratings team rates BOEING CO as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate BOEING CO (BA) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins."
You can view the full analysis from the report here: BA Ratings Report