Earnings before the Bell  (24-10-2007)

Boeing higher profit, lower 2008 revenue forecast on Dreamliner delay

NEW YORK (Reuters) - Third quarter profit for Boeing Co rose more than expected, due to higher deliveries of commercial planes, but it scaled back its revenue forecast for next year due to delays on its 787 Dreamliner.

The aircraft maker reported quarterly net profit of $1.1 billion, or $1.44 per share, compared with $694 million, or 89 cents per share, a year earlier.

Revenue rose 12 percent to $16.5 billion, above analysts' average forecast of $16.05 billion.

It kept its 2008 profit forecast of $5.55 to $5.75 per share, below Wall Street's average estimate of $6.04, but lowered its revenue forecast to account for the six-month delay in 787 Dreamliner production, announced earlier this month.

Boeing said it now expects 2008 revenue of $67.5 billion to $68.5 billion, down from its previous estimate of $71 billion to $72 billion. Analysts were expecting $71.2 billion, on average. 

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Coca-Cola Enterprises third-quarter net rises (Reuters)

CHICAGO, Oct 24 (Reuters) Coca-Cola Enterprises Inc reported higher quarterly profit as a one-time tax benefit and other gains offset a decline in shipments in the United States and Europe for the largest bottler of Coca-Cola Co drinks.

The company posted net income of $268 million, or 55 cents per share, for the third quarter, compared with $213 million, or 44 cents per share, a year ago.

Excluding items, the company earned 44 cents per share, down from 45 cents a year ago, as high prices for aluminum and sweetener took a toll.

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