US Stocks Move | Boeing (BA.US) rises nearly 5% as free cash flow beats expectations

智通财经APP has learned that on Tuesday, Boeing (BA.US) shares opened higher and, as of press time, were up nearly 5%. According to reports, Boeing released its second-quarter earnings, with revenue reaching $24.6 billion, an increase of 8.4% year-on-year and $330 million above expectations. Thanks to continued strong demand for its aircraft, the company generated better-than-expected cash flow in the second quarter, with free cash flow of $631 million, beating analysts' forecast of a $331 million net outflow. Boeing stated that its performance mainly reflected increased commercial aircraft deliveries and favorable changes in operating capital for the year. By the end of the quarter, the company's total backlog had risen to a record $715 billion.