Boeing First-Quarter Earnings Fall

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Boeing Co. on Wednesday said quarterly earnings fell 14 percent as pension and compensation costs rose, but operating results improved at its core commercial jet and defense units.


First-quarter earnings fell to $535 million (66 cents per share) from $623 million (77 cents per share) a year earlier. Sales edged up 1 percent to $13 billion, lagging a forecast of $13.5 billion.


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