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Boeing, AT&T Announces Earnings
Wednesday, October 24, 10:40 AM ET

Boeing (NYSE:BA) announced stronger than expected earnings, and raised its full year forecast. The company earned $1 billion, or $1.35 per share, versus $1.1 billion, or $1.46 per share, in the same period last year, due to improved defense spending and more aircraft deliveries. Revenue was $20 billion for the quarter. Analysts had expected earnings of $1.13 per share.

Shares are higher in early trading.

AT&T announced that it earned $3.64 billion, or 63 cents per share, up from $3.62 billion, or 61 cents per share in the same period last year. Earnings beat estimates by three cents. Revenue, however, fell to $31.46 billion from $31.48 billion, and was below estimates of $31.59 billion. The company raised 2012 free cash flow targets to $18 billion, $2 billion higher than previously estimated.

Shares are higher in early trading.

For MarketNewsVideo.com, I'm Sayoko Murase.

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