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American concern Boeing reported that in the first 9 months of this year, its net profit increased by 37% relative to the same period in 2017 and amounted to 7 billion 36 million dollars. Revenue for the earnings period increased by 5% to 72 billion 786 million dollars. The company also reported good quarterly results. In the third quarter, it managed to increase its net profit by 31% in annual terms to 2 billion 363 million dollars. Per-share earnings amounted to 4 dollars 7 cents, which exceeded the experts' estimate of 3 dollars 47 cents. Quarterly revenue amounted to 25 billion 146 million dollars, an increase of 4%. Economists had expected a figure of 23 billion 900 million dollars.
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
On Thursday, Boeing Co (BA.N) announced that the company is pulling the plug on its hulking 747 jumbo jets, ending a half-century run for the twin-aisle pioneer. According to the aerospace company, the last 747 jumbo jets would roll out from ...
Wall Street shares jumped on Monday and the S&P 500 was on track for its largest quarterly gain since 1998. This was mainly from upbeat investors’ mood for a stimulus-driven economic recovery. Moreover, an increase in Boeing shares ...
On Tuesday, Spirit AeroSystems Holdings Inc. (SPR.N) shares fell by 13% after its key supplier Boeing Co. (BA.N) revealed that the planemaker significantly reduced its orders for shipment this year. “Boeing indicates in the June 19 letter ...
KYC Policy