Boeing 1Q net profit up 19% to $1.5 billion

Credit: Boeing
Boeing reported a first-quarter 2017 net profit of $1.5 billion, up 18.9% over net income of $1.2 billion in the 2016 March quarter, even as revenue fell 7.3% year-over-year (YOY) to $21 billion. The company’s first-quarter expenses decreased 9.6% YOY to $17.3 billion and operating income was $2...

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