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Boeing Co. (BA) Set A New High After Q4 Profit Exceeded Expectations

Boeing Co. (BA) reported fourth quarter core EPS of $4.80 Wednesday morning, up from $2.47 a year ago. Analysts expected EPS of $2.89. The company expects to report full year 2018 core EPS of $13.80 to $14.00. Street expectations are for EPS of $11.96.

Boeing gapped open sharply higher Wednesday, but pared its gains over the course of the session. The stock still finished up by 16.66 at $354.37 on above average volume. Boeing broke out of a 2-week trading range and set a new high for the year.

by RTT Staff Writer

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