Boeing up 3%; draws analyst praise
from MarketWatch.com - MarketPulse
NEW YORK (MarketWatch) -- Boeing Co. rose 3% in premarket trades on Wednesday after the aerospace company's third-quarter profit of $1.35 a share beat the analyst target of $1.12 a share, according to data compiled by FactSet. RBC Capital Markets analyst Robert Stallard said Boeing's Commercial Aircraft unit turned in another good quarter. "What is notable is that margins held in at 9.5%, despite the dilutive impact of increased 787 and 747-8 deliveries," he said. Boeing's Defense, Space & Security unit "saw the most upside to our forecasts," he said. "Boeing is getting pretty good at this -- another trouble-free quarter with no execution issues," Stallard said.