Boeing Co. rose as better than expected cash and profits signaled that the trading tensions have not yet hurt the aircraft construction business of the largest US exporter.
Free cash flow climbed to $ 2.74 billion, the company said in a  statement Wednesday. This exceeded the $ 1.49 billion average analyst estimate, indicating that the company's underlying business remains healthy. Boeing also raised its earnings forecast for 2018.
The robust results underscored the Boeing's strengths That made the best in the Dow Jones Industrial Average last year. The company was recently dethroned by Cisco Systems Inc. as President Donald Trump's trading rallies shook the markets. Investors sold Boeing as aluminum prices rallied and again as China threatened to punish the 737, the manufacturer's largest source of profit.
"Boeing seems to be a natural victim in a trade war as one of the most visible The American exporters," said Robert Spingarn, an analyst at Credit Suisse Group AG, in a report before the earnings were published. "Most of the impact seems to be on the stock price rather than the fundamentals."
Equities rose 2.1 percent to $ 336 before trading in New York began. By Tuesday, they had gained 12 percent this year, while the Dow had fallen 2.8 percent.
Adjusted profit rose to $ 3.64 per share, Boeing said in Chicago. That was more than Bloomberg's average of $ 2.58. Sales rose 6.5 percent to $ 23.4 billion. Analysts have predicted $ 22.2 billion
However, there are signs of over-exertion as engine manufacturers and other suppliers are struggling with the record-breaking production pace of the single-aisle 737. Almost half of Boeing's 184 jet shipments in the quarter in March.