Boeing reports fourth-quarter results

Boeing has reported fourth-quarter revenue of US$23.3bn with GAAP earnings per share of US$2.59 and core earnings per share (non-GAAP) of US$2.47 reflecting overall solid execution on production programs and services. Revenue was US$94.6bn for the full year reflecting strong commercial deliveries and services growth across the company. GAAP earnings per share totaled US$7.61 and core earnings per share (non-GAAP) totaled US$7.24. Guidance for 2017 is set at between US$10.25 and US$10.45 for GAAP earnings per share and between US$9.10 and US$9.30 for core earnings per share (non-GAAP). Revenue guidance is between US$90.5 and US$92.5bn, including increased commercial deliveries of between 760 and 765. Operating cash flow is expected to increase by approximately US$250m to US$10.75bn and capital expenditures are expected to decline by approximately US$300m to US$2.3bn.