Q2 earnings top forecasts

CHICAGO – Boeing Co. on Wednesday reported a 17 percent rise in second-quarter profit to beat Wall Street expectations but said it was still assessing the financial impact of the latest delay of its new 787 jetliner.

The Chicago-based company expects to reevaluate its earnings forecast and announce a revised schedule for the eagerly anticipated 787, which is nearly two years behind schedule, in the third quarter. Boeing’s credibility suffered a blow last month when the company postponed the plane’s first test flight and deliveries for the fifth time, saying part of the aircraft needed to be reinforced.

Boeing, the world’s second-largest commercial plane maker after France-based Airbus, said it earned $998 million, or $1.41 per share, for the three months ended June 30. That compares with $852 million, or $1.16 per share, during the same period last year.

Revenue rose 1 percent from the year-earlier period, to $17.15 billion.