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Boeing Reaffirms Guidance on Profit and Revenue

Jamie Corsi
Wednesday, 23 May 2007 | 10:48 AM ET

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.

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