Why Boeing Stock Is Flying Higher Today

·3-min read
Why Boeing Stock Is Flying Higher Today

Shares of Boeing (NYSE: BA) are soaring today, up by 4.9% as of 12:45 p.m. EDT, after the company released its Q2 report. Investors were caught by surprise when Boeing turned profitable in the second quarter even though its backlog value isn't growing much. Boeing trumped analyst estimates this morning, with core operating earnings of $755 million for its second quarter compared to an operating loss of $3.3 billion in the year-ago period.

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