For Investors Only: Ford Earnings Nice; Boeing Earnings Huge
Ford:
- article
- beat on top and bottom lines
- 41 cents vs 37 cents
- North America: best quarter ever
- Europe: is still their problem; a loss of $462 million; that's an increase of $313 million over last year
- margin 5.2 vs 6.4 (not good) but they still beat expectations on top and bottom lines
- no change in guidance; still "working" on European issues; they say they are on track in Europe
Boeing:
- beat on top and bottom lines
- $1.73 vs $1.49
- Boeing: huge increase in earnings
- operating cash flow this year -- 524 million; last year the operation cash flow -- $837 million
- overall margin this quarter: 9.9%
- commercial margin: 11.4%
- no one-time charge over the battery issue which really surprised analysts; some analysts think that still needs to be done
- no change in guidance
- deliveries not changing
- some analysts worried about the sequester; turned out not to be an issue
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