Boeing predicts lower earnings

Conservative profit and cash-flow forecasts spooked investors in aerospace giant Boeing yesterday, sending the stock down five per cent and overshadowing the company’s strong fourth-quarter profit. The firm said core earnings rose 29 per cent to $1.84bn (£1.1bn) but it was much more cautious about the current year, saying core earnings would rise only about two per cent. More drastically, operating cash flow would fall more than 20 per cent, the company said.