Boeing Co. reported a 7 percent drop in second-quarter profits Wednesday, but the aerospace firm still beat analyst estimates and boosted its earnings outlook for the year due to expected strength in its core commercial airplane and defense units.
The Chicago-based company said it earned $566 million (70 cents per share) for the quarter, down from $607 million (75 cents) a year earlier. And Boeing upped its full-year financial outlook to $2.75 to $2.85 a share from a range of $2.40 to $2.60 a share.
