NEW YORK, NY / ACCESSWIRE / July 27, 2017 / Shares of the Boeing Company leaped ahead on Wednesday and even hit an all-time new high after an earnings beat for the second quarter and a raised outlook for the full year. Shares of Ford Motor Company saw a slight drop despite posting positive second quarter earnings results.

RDI Initiates Coverage on:

The Boeing Company
https://ub.rdinvesting.com/news/?ticker=BA

Ford Motor Company
https://ub.rdinvesting.com/news/?ticker=F

The Boeing Company shares closed up 9.88% yesterday with a little over 14 million shares traded. The stock hit a brand new high of $233.98 during intra-day trading after releasing its second quarter earnings report and offering strong guidance looking forward. The company posted earnings per share of $2.89 for the second quarter which was ahead of the $2.59 that analysts polled by FactSet had been waiting for. Revenue, however, was not a beat at $22.7 billion reported compared to the $23 billion that was expected. The company stated, "A healthy pace of sales announcement at the Paris air show contributed to 183 net new airplane orders worth $22 billion during the quarter, adding to our already robust backlog that now stands at more than 5700 airplanes." Looking ahead, the company expects full-year adjusted earnings to range between $9.80 and $10 per share. Analysts had called for $9.39 per share. This forecast is also up 60 cents per share from the last forecast. The stock has been the best-performing stock in the Dow Jones Industrial Average so far this year and is up 50% YTD.

Access RDI's The Boeing Company Research Report at:
https://ub.rdinvesting.com/news/?ticker=BA

Ford Motor Company shares closed down 1.86% on Wednesday on trading volume nearly double than usual. The stock was one of the most active stocks trading on the NYSE yesterday after beating in its second quarter earnings on both the top and bottom line. The car maker posted adjusted earnings of 56 cents per share during the period. It was not only a 4 cent increase from the year-ago quarter but also flew past the 44 cents that Wall Street had been waiting for. Revenue was a miss however at $37.1 billion compared to the $38 billion that the Street had expected. CEO Jim Hackett said in a statement: "This quarter shows the underlying health of our company with strong products like F-Series and commercial vehicles around the world, but we have the opportunity to deliver even more. The entire team is focused on improving the fitness of the business and smartly deploying our capital to improve both the top and bottom lines in the quarters ahead." In other news, the company also announced that it would be recalling almost 117,000 vehicles due to bolts that may fracture and lead to the seat or seat belt's performance being compromised in a sudden stop or crash. According to the company, there has not been any accidents or injuries related to this defect.

Access RDI's Ford Motor Company Research Report at:
https://ub.rdinvesting.com/news/?ticker=F

Our Actionable Research on The Boeing Company (NYSE: BA) Ford Motor Company (NYSE: F) and can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. RDInvesting.com is neither a registered broker dealer or a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011

Email:

contact@rdinvesting.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute

SOURCE: RDInvesting.com