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00:03Boeing reported improved results in the latest quarter as higher commercial jet production
00:07and deliveries lifted revenue and profitability, according to the Wall Street Journal.
00:13Sales rose 57% to $23.95 billion as aircraft deliveries reached their highest level since
00:202018, while total order backlog climbed to a record $682 billion. Boeing posted fourth quarter
00:28profit of $8.22 billion or $10.23 per share, compared with a year-ago loss of $3.87 billion
00:37or $5.46 per share. The profit was driven by the sale of its digital aviation business,
00:44which generated about $9.6 billion in proceeds. Boeing shares fell about 1% in pre-market trading.
00:53The company increased output after regulators eased production limits
00:57and allowed higher monthly $7.37 max production.
01:00For all things money, visit Benzinga.com.
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