Boeing’s net profit down sharply, but shares gain on guidance. Delta 787 order in jeopardy
Boeing's operating margin declined 1.5 points to 7.7% as revenues fell 8% to USD15.2 billion, during the first quarter ended 31-Mar-2010. Operating profits rose 15% to USD1.17 billion, while net profits fell 15% to USD519 million. Operating cash flow experienced a dramatic negative swing from USD193 million in the year-ago quarter to -USD285 million, reflecting continuing investment in development programs.
