Boeing Reaffirms Guidance on Profit and Revenue

Boeing reaffirmed its earnings and revenue guidance from its first quarter earnings report, which was released on April 25.

The aerospace company affirmed forecasts of $4.55 to $4.75 a share in earnings for 2007 and $5.55 to $5.75 a share for 2008.

Revenue for 2007 is expected to be between $64.5 billion and $65 billion, while and 2008 revenue is between $71 billion and $72 billion.

CNBC’s Bob Pisani reported that Boeing also said they were going to see a higher dividend in 2008, but they did not say how much.

Research and development spending in 2008 is expected to reach $2.8 billion to $3 billion.