Boeing Co. today forecast improved profits and aircraft deliveries after posting increased fourth-quarter earnings.
The Chicago-based company said it expects to deliver 760 to 765 commercial aircraft this year, up from 2016’s 748. The aircraft maker forecast 2017 earnings of $10.25 to $10.45 a share, up from last year’s $7.61.
Boeing said its “core earnings,” which exclude some one-time costs and gains, would be $9.10 to $9.30 a share, an improvement from $7.24 in 2016.
For 2016’s fourth quarter, Boeing earnings surged to $1.63 billion, or $2.59 a share. That was up from $1.03 billion, or $1.51, for the final quarter of 2015. Core earnings for the quarter were $2.47 a share, up from $1.60 a year earlier.
Boeing delivered 185 commercial aircraft during the quarter, up from 182 a year earlier.
The quarterly profit gains occurred despite a 1% decline in revenue to $23.3 billion.