Jul 23, 2008
Story Timeline: 79 days
CHICAGO, July 23 /PRNewswire-FirstCall/ -- Table 1. Summary Financial Results (Millions, except 2nd Quarter First Half per share data) 2008 2007 Change 2008 2007 Change Revenues $16,962 $17,028 (0%) $32,952 $32,393 2% Earnings From Operations $1,247 $1,506 (17%) $3,046 $2,815 8% Operating Margin 7.4% 8.8% (1.4)Pts 9.2% 8.7% 0.5 Pts Reported Net Income $852 $1,050 (19%) $2,063 $1,927 7% Reported Earnings per Share $1.16 $1.35 (14%) $2.79 $2.48 13% Operating Cash Flow ($251) $3,634 N.A. $1,682 $4,362 (61%) The Boeing Company's (NYSE: BA - News ) second-quarter earnings per share decreased 14 percent to $1.16 per share, on revenue of $17.0 billion and an operating margin of 7.4 percent. Results were affected by the previously disclosed charge for the Airborne Early Warning & Control (AEW&C) program and lower profitability due to...
[read full story]