BOEING TO POST EARNINGS ON NET.Byline: Stanley Stanley, town (1991 pop. 1,557), capital of the Falkland Islands, S Atlantic Ocean, on East Falkland island. It is the main port and trading center of the islands. The name is sometimes written as Port Stanley. Holmes The Seattle Times Once accused in jest for mere sport or diversion; not in truth and reality; not in earnest. See also: Jest of using carrier pigeons and burros to get the financial news out, Boeing is planning to broadcast its third-quarter earnings presentation on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the this morning. The move is viewed as another step toward openness for a company that, at times in the past, seemed as eager to share its financial information as the Kremlin was to detail its military budget. ``They were very closed and reserved about disclosing financial information,'' said Bill Fiala, an aerospace analyst for Edward Jones Edward, Eddie, or Ed Jones is the name of: Edward Jones:
But while analysts credit Boeing for opening the mysteries of aerospace accounting to more public scrutiny - including today's Internet audio See RealAudio. broadcast as a symbolic advance - what really counts is whether the third-quarter results meet expectations, they say. And investors will be watching closely for signs that Boeing's efficiency efforts are beginning to pay off. Wall Street is projecting profit of 48 cents a share in the July-to-September period, up from 36 cents a share at the same time a year earlier. The estimates culled from a First Call survey of analysts ranged from 38 to 57 cents. Excluding a one-time gain, Boeing earned 56 cents a share in the second quarter of 1999. ``I think the key here is to see how the profit margins compare this quarter to (the) second,'' said Peter Jacobs Peter Jacobs (born February 27 1973) is a professional lacrosse player. Jacobs graduated from Johns Hopkins University in Baltimore, MD in 1995. In his senior year, he was team captain of the Blue Jays was named first-team All-American in 1995 and lead his team to the Final Four. , an aerospace analyst for Ragen MacKenzie. Investors believe the third-quarter results should reveal how well Boeing can maintain its profit margins in 2000 and beyond, when revenues are forecast to decline as a result of fewer commercial-airplane deliveries. Airplane airplane, aeroplane, or aircraft, heavier-than-air vehicle, mechanically driven and fitted with fixed wings that support it in flight through the dynamic action of the air. deliveries are expected to dip in the third quarter from the second quarter. But Boeing still plans to deliver 620 commercial jets in 1999 and already has delivered 455 airplanes. Next year, Boeing estimates it will deliver 480 jetliners. Thanks to Internet technology, investors will be able to listen to Boeing's top executives address that question and others live this morning on an online audio broadcast. They also will be able to view the company's charts on the Web - although the broadcast will not include video. |
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