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Boeing stock jumps 8% on second-quarter earnings beat and improved forecast

Boeing on Wednesday reported second-quarter earnings that beat Wall Street estimates and hiked its forecast for 2017, sending shares of the stock up around 8 percent and making it the biggest mover on the Dow Jones Industrial Average.

As the Dow hit a fresh intraday all-time high, Boeing was trading at levels not seen since at least 1948. The stock was last adding more than 100 points on the Dow shortly after market open, trading at $229.59 per share.

Though its total sales came in less than expected, profitability of Boeing's 787 Dreamliner aided in creating stronger cash flow during the second quarter. Boeing's cash from operations, near $5 billion in the quarter, was roughly double analysts' estimates of about $2.5 billion.

Boeing also said it remains focused on trimming capital expenditures — something analysts have been monitoring closely, with many of Boeing's biggest investments...


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