Boeing, a company that produces both for the aircraft and aerospace industry, has had a great first quarter this year. First quarter reports are starting to come out and Boeing exceeded many of the expectations that financial analysts had.
In the first quarter, January through March, Boeing delivered 106 aircrafts whereas in the first quarter of 2006, they delivered 104. 2 aircrafts does not make a difference, but it made a difference in their total revenue.
Boeing stock, BA is about $92.79 per share right now. The company is shooting to get their stock prices up to about $105. That is a great increase for those who hold a high number of shares of the company. I'm in no way giving financial advice to anybody, but I just thought the current published reports about Boeing were interesting because they are still making a great profit in industries that people didn't think were doing too well. Average Americans believe that the airline industry is in trouble. Planes are still being demanded, so the industry is not suffering as badly as people believe.
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