Publish date:

Boeing Stock Soars on Earnings Beat and Record Plane Deliveries

Shares of Boeing (BA) soared in Thursday's trading session following its earnings beat, making it TheStreet's Move of the Day.

Shares of Boeing (BA) soared in Thursday's trading session following its earnings beat, making it TheStreet's Move of the Day. The aerospace giant reported fourth quarter profit and revenue above analysts' expectations. Boeing got a boost from an increase in commercial plane deliveries with a record 723 jets, surpassing a previous record of 648 due to strong demand from airlines. The company noted that the lower fuel prices and positive traffic trends are beneficial to the industry as a whole. Shares of Boeing closed higher on nearly three times its average trading volume. TheStreet's Kurumi Fukushima reports from New York.

TheStreet Recommends