Boeing reported net earnings of $535 million for the first quarter ended March 31, a 14% decline versus net earnings of $623 million in the 2004 period, as significantly higher noncash expenses for share-based plans, pensions and deferred compensation offset strong performance by its Commercial Airplanes and Integrated Defense Systems units. Total revenue rose just 0.3% to $12.99 billion and total costs and expenses declined 0.2% to $10.78 billion. Earnings from continuing operations fell ...

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