Boeing Co.’s quarterly results missed Wall Street forecasts as revenue at its defense unit slid, sending shares of the top U.S. aerospace group lower on Wednesday.
The company reported net income of $1.01 billion ($1.26 a share), compared with $456 million (56 cents) a year earlier. But the quarterly earnings per share would have been 69 cents without gains of 45 cents from the sale of its Rocketdyne propulsion unit and 62 cents from tax settlements and adjustments, missing analyst estimates.
