Boeing Is Flying High With Latest Earnings
DAVID GREENE, HOST:
NPR's business news starts with Boeing flying high.
(SOUNDBITE OF MUSIC)
GREENE: The aircraft maker says its latest quarterly earnings rose a surprising 13 percent this quarter, despite all the troubles with the new 787 Dreamliner. Boeing said today revenues were up due to increased sales of its commercial jets, including Dreamliners and 737s.
Now, the outlook is less rosy for another big U.S. manufacturer. Caterpillar, the heavy machinery maker, reported a drop in quarterly earnings of nearly 44 percent. Caterpillar is the world's largest maker of mining and construction equipment, and the company cited weak demand from the mining industry as one reason for the disappointing numbers.
NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.