Boeing Tops Estimates And Boosts Guidance

Boeing (NYSE:BA) reported Q1 EPS of $1.22, topping estimates by $0.27.Revenues in the quarter rose 30% year-over-year to $19.4 billion, beating estimates by $1 billion.Boeing sees 2012 EPS of $4.15-$4.35, vs. its prior guidance of $4.05-$4.25 given in January, vs. estimates of $4.49; the company cites reduction in litigation-related reserve.