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Embattled aircraft manufacturer Boeing (BA) reported quarterly earnings and revenue on Wednesday that exceeded Wall Street's expectations.
Following the announcement, the company's stock rose before the opening bell. (Click here to get real-time quotes for Boeing.) (BA)
Earnings excluding items fell to $1.28 per share from $1.83 a share in the year-earlier period.
Revenue rose to $22.38 billion from $19.56 billion during the same period last year.
Analysts had expected Boeing to report $22.36 billion in revenue with earnings of $1.19 per share, according to a consensus estimate from Thomson Reuters.
Boeing has been buffeted by a wide-ranging controversy surrounding the battery used by its 787 Dreamliner, which forced regulators to ground the aircraft. In November, the company announced a round of layoffs that would shave 30 percent of its management jobs and close several facilities in California.
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