Currency swings and development spending on future Airbus jetliners may cloud quarterly earnings at Airbus parent EADS (EAD.PA), with analysts already looking beyond them to prospects for new orders at the Paris Air Show. The world's second largest aerospace company after Boeing (BA.N) faced a steadily rising U.S. dollar through much of the first quarter, which also brought questions over the impact of Japan's earthquake and Middle East tensions on its supply chain. The company is in the midst of boosting spending on its A350 jetliner, designed to compete with Boeing's 787 Dreamliner, and analysts say these factors -- together with almost flat Airbus deliveries -- could drain excitement from first-quarter profits. EADS is expected to report operating profit up 14 percent at 94.5 million euros on Friday, according to the average of a Reuters poll published on Wednesday, but forecasts vary over a wide range and the first quarter is not traditionally seen as a barometer.
The Boeing Company (Boeing) is an aerospace company. Shares of BA traded higher by 0.42% or $0.33/share to $79.41. In the past year, the shares have traded as low as $59.48 and as high as $80.65. On average, 4950430 shares of BA exchange hands on a given day and today's volume is recorded at 3708634.
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