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The Boeing Company reported on Wednesday that its second-quarter net earnings increased to US$1.1 billion.

 

Net income jumped to 1.35 dollars per share, compared to a loss of 160 million dollars, or 21 cents per share, after charges totaling 1.18 dollars per share a year ago.

 

Second-quarter revenues grew 14 percent to 17.0 billion dollars and earnings from operations rose to 1.5 billion dollars, yielding an 8.8 percent operating margin.

 

The second-quarter results reflected strong performance across the commercial airplane and defense businesses.

 

For the first half of the year, revenues increased 11 percent to 32.4 billion dollars. Earnings increased to 2.48 dollars per share, a 1.79-dollar per share increase over 2006, which included charges for the legal settlement.

 

The company also increased its 2007 guidance for revenue, earnings per share and cash flow based on strength in its core businesses and company-wide growth and productivity efforts.

 

(Xinhua News Agency July 26, 2007)