Boeing reports third-quarter results and raises 2011 EPS guidance

Boeing reported third-quarter net income of $1.1 billion (up 31%) on revenue of $17.7 billion (up 4%).  Operating margin of 9.7% (up 1.5 pts) reflects continued strong core performance across the company’s businesses, partially offset by higher pension expense.  The company increased its 2011 earnings per share guidance to between $4.30 and $4.40 per share reflecting the strong core performance.  Total company 2011 revenue is narrowed to between $68 and $70 billion.  Operating cash flow guidance is unchanged.