Two of America’s major companies saw good progress last quarter.
Boeing Co reported a 33.7% rise in quarterly profit on Wednesday and raised its commercial airplanes delivery forecast for the year, sending its shares higher.
The world's largest jetliner maker expects to deliver 745 to 750 commercial airplanes, up from its previous forecast of 740 to 745.
The additional planes would boost revenue by $500 million, prompting Boeing to raise its year-end revenue target to between $93.5 billion and $95.5 billion.
Boeing earned $2.28 billion, or $3.60 per share, in the third quarter, compared with $1.70 billion, or $2.47 per share, a year earlier.
Core earnings, which exclude some pension and other costs, rose to $3.51 per share from $2.52.
Both figures included a special gain of 70 cents a share, reflecting a tax benefit Boeing received by claiming more depreciation on plants and equipment than it had previously.
Revenue fell to $23.90 billion from $25.85 billion. Boeing shares were up 1.4% at $140.99 in premarket trading.
Meanwhile, Coca-Cola Co reported better-than-expected quarterly revenue, helped by higher prices for sodas and strong demand for water and sports drinks in North America.
The world's largest beverage maker has relied on higher pricing, smaller pack sizes and premium packaging such as glass and aluminum bottles to boost revenue in developed markets.
Sales in North America rose 3% for the third quarter ended Sept. 30.
However, the company's net income attributable to shareholders fell to $1.05 billion, or 24 cents per share, from $1.45 billion, or 33 cents per share, a year earlier. Excluding items, Coca-Cola earned 49 cents per share.
Net operating revenue fell 7 percent to $10.63 billion, the sixth straight quarter of decline.
