Boeing profit easily beats estimates despite Dreamliner crisis

The company reported net income of $1.1 billion,up nearly 20% from a year earlier.

Boeing Co posted strong first-quarter results on Wednesday that handily beat analysts' estimates and showed little impact from the 787 Dreamliner crisis, sending its shares up 3.2%  in premarket trading.

The company reported net income of $1.1 billion, or $1.44 a share, up nearly 20%  from a year earlier. Its "core" earnings, which exclude some pension charges, soared to $1.73 a share versus $1.40 a year ago. Analysts had expected $1.49 in core earnings, according to Thomson Reuters I/B/E/S.

Revenue slipped 2.5% to $18.9 billion in the latest quarter, hit largely by a halt in Dreamliner deliveries.