The Boeing Company (NYSE:BA) released its earnings report for the three months April to June this morning before the markets opened in New York. The company revealed earnings per share of $1.67, higher than expected, on revenue totaling $21.8 billion. Shares in The Boeing Company (NYSE:BA) closed at $107.79 after trading on Tuesday and were rising in premarket after the announcement of this earnings report.

Boeing Co

In the same three months of 2012 the airplane manufacturer managed to take in $20 billion in revenue and managed to turn that into $1.27. In the run up to the release of this earnings report, analysts following The Boeing Company (NYSE:BA) were looking for earnings of $1.54 from the 747 designer, on revenue of $20.9 billion.

Boeing flying high

Since the start of 2013,  shares in The Boeing Company (NYSE:BA) have appreciated in value by more than 43 percent. The company is still having troubles with its latest plane, the Boeing 787, but that seems of little concern to the company’s investors who are betting on Boeing to massively expand earnings in the coming years.

Increases in the company’s shares have become more less dramatic in recent months as it appears the company has about topped out in value without a major change. In the five days leading in to this earnings report shares rose by just over 3 percent, making it a fairly good bet going into the earnings report.

Guidance from The Boeing Company (NYSE:BA) for next year also came in at good numbers, with EPS estimated at $6.20-$6.40 a year and revenue estimates at $83-$86 billion. Analysts are expecting The Boeing Company (NYSE:BA) to earn $6.42 on revenue of $84.1 billion next year.

The Boeing Company (NYSE:BA) is planning on hosting a conference call in order to discuss this morning’s earnings report at 10:30. Investors will be interested in hearing the company’s take on the macroeconomic situation, and updates on the release schedule for the company’s new planes.