NEW YORK (TheStreet) -- Shares of Boeing Co. are up 1.51% to $131.70 in pre-market trade after the aerospace company increased its earnings guidance for the year as its second quarter earnings climbed 52%, supported by continued strong demand for the company's jetliners as well as aggressive cost-cutting, the Wall Street Journal reports. The company raised its per-share earnings estimate for the year to $7.90 to $8.10 per share, from its earlier view of $7.15 to $7.35. The increase reflects $408 million in tax benefits, its strong operating performance and a $272 million charge tied to the KC-46A Tanker program, the Journal noted. Must Read: Warren Buffett's 25 Favorite Growth Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months.
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twocents@thestreet.com (Tedd Cohen), The Street
Wed, 07/23/2014 - 5:17am
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