(MENAFN- ProactiveInvestors)Aerospace giant Boeing (NYSE:BA) posted third quarter numbers that beat market expectations allowing it to raise revenue and earnings per share (EPS) guidance for the year. The Street had forecast the group to report earnings of US$2.22 per share on revenue of $24.7 billion for the three months to end September. But revenue for the period increased 9% to US$25.8bn reflecting record commercial deliveries it said while earnings per share rose 18% to US$2.52. Boeing's president and chief executive Dennis Muilenburg told investors: "By continuing to profitably deliver on our large and diverse backlog we are driving strong growth in revenue earnings and cash flow. "Solid operating performance across our commercial and defense businesses during the quarter also supported our continued investment in innovation and our people and our commitment to return cash to shareholders." He added that three quarters of "solid" results and "confidence" in continued operating performance enabled the group to raise its revenue earnings per share and operating cash flow guidance for the year. The group now forecasts revenue for the year to be between US$95 and US$97bn (previously 94.5 to 96.5) and EPS to be US$7.65 to US$7.85 (previously US$7.6 to US$7.8). In terms of divisions commercial airplanes third-quarter revenue increased 10% to US$17.7 billion on higher delivery volume while the operating margin in the quarter was 10% reflecting higher R&D and the dilutive impact of higher 787 deliveries partially offset by strong performance on production programs.
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