Boeing 4th-period net up 20%, ahead of estimate

NEW YORK (MarketWatch)
Boeing Co. the Chicago aerospace major, reported stronger-than-expected fourth-quarter net income, up 20%, on 18% higher revenue
Earnings reached $1.39 billion, or $1.84 a share, from $1.16 billion, or $1.56, in the year-earlier period
Profit in the periods reflects gains on tax settlements of 52 cents and 50 cents a share respectively. Revenue totaled $19.56 billion versus $16.55 billion
A survey of analysts by FactSet Research produced consensus estimates of $1 a share of profit on $19.37 billion of revenue
For 2012, Boeing expects to earn $4.05 to $4.25 a share, hurt by 83 cents of pension expense, on revenue of $78 billion to $80 billion
FactSet's survey is looking for $4.90 a share of profit and $78.45 billion of revenue