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- Don D., California
Healthcare Reform Clouds Boeing’s Flight Path
Boeing (BA), the giant aerospace/defense company, has reported first-quarter share earnings in line with our previously published estimate of $0.75. Despite lower deliveries, the company was able to keep costs under control in the commercial airplane division. In fact, operating margins within this division nearly doubled from last year, climbing to just over 9%. Hurting results was the fact that, the new healthcare legislation, resulted in a $0.20-a-share charge in the period.