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Boeing (BA) Stock Advances, Q1 Revenue Tops Expectations

NEW YORK (TheStreet) -- Boeing (BA - Get Report) shares are higher 1.01% to $134.58 on Wednesday morning after the aircraft manufacturer posted its 2016 first quarter financial results this morning with sales beating analysts' projections while profit fell short.

Revenue increased 2% to $22.63 billion, topping expectations of $21.44 billion, and up from $22.15 billion it generated a year ago.

Earnings for the latest period came in at $1.74 a share, missing Wall Street's forecasts of $1.83 a share and down from $1.97 it earned the year prior.

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