Wed July 24, 2013
Boeing Is Flying High With Latest Earnings
Originally published on Wed July 24, 2013 10:59 am
DAVID GREENE, HOST:
NPR's business news starts with Boeing flying high.
(SOUNDBITE OF MUSIC)
GREENE: The aircraft maker says its latest quarterly earnings rose a surprising 13 percent this quarter, despite all the troubles with the new 787 Dreamliner. Boeing said today revenues were up due to increased sales of its commercial jets, including Dreamliners and 737s.
Now, the outlook is less rosy for another big U.S. manufacturer. Caterpillar, the heavy machinery maker, reported a drop in quarterly earnings of nearly 44 percent. Caterpillar is the world's largest maker of mining and construction equipment, and the company cited weak demand from the mining industry as one reason for the disappointing numbers. Transcript provided by NPR, Copyright NPR.