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Boeing earnings Q3 2018 give blowout results



"What really surprised us was the aviation margins of 13 percent, and they are raising their forecast," said Jefferies analyst Sheila Kahyaoglu in CNBC's Squawk Box

. In the third quarter, Boeing delivered 190 commercial aircraft. Total shipments totaled 568 a year. Business in the second quarter was still below the estimates for delivery, but Boeing stuck to delivering the guidelines of the most recent report this year, at least 810 aircraft. Boeing continues to ramp up production, especially on its core 737 aircraft, and aims to get to a prime production rate of 52 aircraft each month.

"They maintained their delivery conduct, which they could accomplish to these 52 a month by the end of the year," added Kahyaoglu.

President Donald Trump & # 39; s Strade War with China is a key issue watching Kahyaoglu. She said China is "a big Boeing customer," representing about a third of Boeing 737 aircraft orders. While it is important for shareholders to pay attention to the company's business in China, the analyst did not express any concerns that Boeing might possibly enter the trade war.

"I think that Boeing works very well with the administration, but also with its customers," said Kahyaoglu.

Boeing shares fell 2.3 percent in the last three months, but the stock still rose 1

8.7 percent, closing at $ 350.05 on Tuesday.


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