Boeing Higher Ahead of Earnings

Published on Tuesday, 27 July 2010 10:15 Written by Christopher Lynn

New York, July 27th (TradersHuddle.com) - Shares of Boeing Co. (NYSE:BA) are trading higher by +0.51% ahead of its quarterly earnings release. Boeing, the maker of the 787 Dreamliner is expected to release its quarterly results on July 28^th.

Wall Street Analysts consensus calls for a profit of $1.01 a share on $16.12 billion revenue.

Boeing estimates have a range of $0.22 a share. The high estimate calls for profit of $1.12 a share and the low estimate is calling for a profit of $0.9 a share, a year ago for the quarter the company reported $1.41 a share.

The Boeing Company , together with its subsidiaries, engages in the design, development, manufacture, sale, and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company's family of the commercial jet aircrafts includes the 737, 747, 767, 777, and the new generation 787 Dreamliner. Boeing is based Chicago and founded in 1916.