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Boeing profit jumps 18%
Boeing profit jumps 18%

Robust demand for commercial jets and an increased pace of production helped Boeing Co. earn $1.36 billion in the third quarter, up 18% over a year earlier. On a per-share basis, the Chicago company said it had a profit of $1.86. Adjusted for non-operating costs, earnings came to $2.14 a share, better than the average estimate of $1.95 a share from analysts surveyed by Zacks Investment Research. Boeing is benefiting from a record jet-buying spree by airlines, driven by cheap financing and a growing number of global fliers. In the last quarter alone, Boeing booked 501 net plane orders, bringing its backlog up to more than 5,500 airplanes valued at a record $430 billion. The company is...