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 billion, up 12.8% over an operating profit of $1.8 billion in the prior-year quarter. Boeing chairman, president and CEO Dennis Muilenburg credited “a sharp focus on performance and ...

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