Boeing forecasts 2016 earnings below estimates; shares tumble

Boeing expects to deliver 740 to 745 planes in 2016, its centenary year, down from a record 762 in 2015. Boeing forecast 2016 core earnings, excluding some pension and other costs, between $8.15 and $8.35 per share, below the average analyst estimate of $9.43, according to Thomson Reuters I/B/E/S. "Whilst we don't expect this to negatively impact Boeing's existing plans to return cash to shareholders, it could create doubt as to the sustainability of these plans," RBC analyst Robert Stallard wro