Despite the grounding of the company's 787 Dreamliner, Boeing reported fourth quarter profits that topped Wall Street estimates.
The company made $978 million, or $1.28 per share, during the last part of 2012. Despite topping Wall Street estimates of $1.19, that number was still down 30 percent from 2011 numbers. Revenue, however, was up 14 percent to $22.3 billion.
The profit was attributed to increasing profits from commercial jets that helped to offset a decrease in profit from defense work.
Approximately 50 Dreamliners have recently been grounded around the world due to problems with the aircraft's lithium battery. Boeing has said solving those problems is the company's first priority in 2013.
All content © Copyright 2000 - 2013 WorldNow and WREX. All Rights Reserved.
Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Trista Truesdale at (815) 335-7856. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at firstname.lastname@example.org.