Boeing Co on Wednesday beat profit expectations in the third quarter despite declining revenue and notched up its sales forecast for the full year, saying it planned to deliver more jetliners than it originally thought.
Factoring out a one-time tax benefit, the results showed the impact of cost reductions and leaner manufacturing at the world’s biggest plane maker. Boeing is cutting costs to boost profit margins and compete for orders against European rival Airbus amid slowing jetliner sales.
