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Boeing (BA) Stock Up Ahead of Q3 Earnings

NEW YORK (TheStreet) -- Shares of Boeing (BA) were rising in mid-afternoon trading on Tuesday as the aerospace company prepares to post 2016 third quarter results.

Before Wednesday's opening bell, analysts surveyed by FactSet are looking for the Chicago-based company to report adjusted earnings of $2.61 per share on revenue of $23.60 billion.

During the same quarter last year, Boeing reported adjusted earnings of $2.52 per share on revenue of $25.85 billon.

Barclays said recently that a "sloppy, risky third quarter may lay ahead" for the U.S. aerospace and defense industry.

The firm argued that the majority of people are bearish on both the aerospace segment and "'the cycle' in broadly defined terms" due to "record high" short interest in many companies.

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