Boeing profit jumps, raises commercial airplanes delivery forecast

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[October 26, 2016]  (Reuters) - Boeing Co reported a 33.7 percent rise in quarterly profit, and raised its commercial airplanes delivery forecast for the year.

Boeing's logo is seen on its KC-46 Aerial refuelling operator's station demonstrator during Japan Aerospace 2016 air show in Tokyo, Japan, October 12, 2016. REUTERS/Kim Kyung-Hoon

The world's largest jetliner maker said it now expects to deliver 745-750 commercial airplanes, up from its previous forecast of 740-745 airplanes.

Boeing earned $2.28 billion, or $3.60 per share, in the third quarter ended Sept. 30, compared with $1.70 billion, or $2.47 per share, a year earlier.

Core earnings, which exclude some pension and other costs, rose to $3.51 per share from $2.52.

Revenue fell to $23.90 billion from $25.85 billion.

(Reporting by Ankit Ajmera in Bengaluru; Editing by Shounak Dasgupta)

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