BOEING CO. EARNINGS ROSE IN FIRST QUARTER

BOEING CO. EARNINGS ROSE IN FIRST QUARTER

Boeing Co. earned $136 million, or 89 cents a share, on revenue of $3.6 billion during the first quarter ended March 31.

A year ago the airplane maker earned $118 million, or 76 cents a share, on revenue of $3.76 billion.The increase in net earnings compared to the first quarter of 1987 is primarily due to lower levels of research, development and other new business expenses, the company said.