NEW YORK (TheStreet) -- Shares of Boeing (BA) - Get Report were climbing in pre-market trading on Wednesday after reporting better-than-expected results for the 2016 third quarter and raising its full-year outlook.

Before the market open, the Chicago-based aerospace company reported adjusted earnings of $2.81 per share, topping analysts' estimates of $2.62 per share.

Revenue declined to $23.9 billion from $25.8 billion a year ago but beat analysts' projections of $23.6 billion.

For the full year, Boeing now expects to report adjusted earnings between $6.80 and $7.00 per share, up from between $6.10 and $6.30 per share. Revenue is anticipated to be between $93.5 billion and $95.5 billion, up from $93.0 billion to $95.0 billion.

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Analysts surveyed by Thomson Reuters are looking for adjusted earnings of $6.34 per share on $94.0 billion in revenue for 2016. 

Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C+.

Boeing's strengths such as its revenue growth and notable return on equity are countered by weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and generally higher debt management risk.

You can view the full analysis from the report here: BA

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author. 

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