Company News

BUZZ-Boeing: Soars on strong results, deliveries forecast

** Boeing shares up 6 pct at $358 premarket after quarterly revenue and profit surpass expectations

** The world’s biggest jetliner maker also says it expects to deliver more planes in 2018

** Boeing has topped EPS estimates seven times out of eight previous quarters and revenue six out of eight times

** Shares set to bounce back up from a downward trend this week after a U.S. trade commission backed Bombardier against Boeing on late Friday

** Still BA shares, the biggest weight in price-weighted Dow , up nearly 15 pct YTD after surging 89.4 pct in 2017

** Peers’ shares also up; Raytheon ~2 pct, Lockheed 0.78 pct and General Dynamics 0.74 pct premarket (Reporting by Shreyashi Sanyal in Bengaluru)