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Boeing 3Q profit up 31 percent, cuts deliveries
Boeing cuts delivery forecast for 787 and 747-8, 3rd-quarter profit jumps 31 percent
By The Associated Press

Boeing says it won't deliver as many of its new 787s this year as it previously expected, even as it delivered a third-quarter profit that was well above expectations.

Boeing now says it will deliver 15 to 20 of the new 787s and 747-8s. Previously, it had said it would deliver 25 to 30 of the planes. Boeing delivered the first 787 last month and the plane carried its first passengers on Wednesday.

Boeing earned $1.1 billion for the quarter ended Sept. 30. That's up 31 percent from the same period last year. The profit of $1.46 per share was far above the $1.10 per share expected by analysts surveyed by FactSet. Revenue rose 4 percent to $17.7 billion.

Boeing raised its full-year guidance to $4.30 to $4.40 per share.

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