Company Update: Boeing

For those of you with a stake in Boeing, you should know this...

Boeing's third-quarter net income surged 122% to $1.01 billion from $456 million a year earlier as special gains and tax benefits more than offset the impact of the month-long strike at its Boeing Commercial Airplanes unit.On a per-share basis, gains from tax settlements represented nearly half of the company's $1.26 EPS fully diluted for the quarter, with the sale of its Rocketdyne unit adding a further 45 cents per share while the strike knocked 25-30 cents off EPS. ATWOnline calculated that on a gross basis, the strike cost Boeing $200-$240 million in profits.

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