The net profit of the largest aircraft manufacturer Boeing grew by 24% in 2018 and amounted to $10.46 billion. In terms of share, the net diluted earnings rose to $17.85 compared to $13.85 in 2017. Boeing's revenue growth was 8% - to $101.127 billion. In the fourth quarter of 2018, the company increased its profit by 3% to $3.424 billion. Earnings per share rose to $5.93 against $5.49 over the earnings period of 2017. Analysts had predicted a decline to $4.58 per share. The company increased its revenue by 14% in the fourth quarter to $28.341 billion. In 2019, Boeing expects further profit growth to $21.9-22.1 per share. The company's CEO, Dennis Muhlenberg, believes that customer focus and teamwork have allowed to achieve a leading position in the aerospace industry.
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 ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
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 ...