Here comes Boeing ...

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Here comes Boeing ...

FILE PHOTO: Workers at South Carolina Boeing work on a 787 Dreamliner for Air India at the plant's final assembly building in North Charleston, South Carolina December 19, 2013. REUTERS/Randall Hill/File Photo

Thomson Reuters

Workers at South Carolina Boeing work on a 787 Dreamliner for Air India at the plant's final assembly building in North Charleston

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  • Boeing is scheduled to report third-quarter earnings before the bell on October 25.
  • Revenue and net income is expected to rise though its earnings-per-share is expected to fall.
  • Boeing may introduce Boeing Global services as a separate business division.

Boeing is due to report third-quarter earnings before the bell on October 25.

Wall Street is expecting Boeing's adjusted earnings per share to fall to $2.65 from $2.67 in the third quarter of 2016, according to a Bloomberg poll of analysts.

The company is expected to deliver on cash flow and revenues mostly through its production of commercial airplanes. It's 737 and 787 lines have enjoyed a ramp with multi-billion dollar deals from Singapore, China, and Greece in the works.

Here are the key figures:

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  • Revenue: Wall Street is expecting $23.96 billion, slightly higher than the $23.89 billion in the third quarter of 2016.
  • Net income: $1.79 billion expected, up from $1.66 billion in the third quarter of 2016.
  • Boeing Global Services: The service solutions unit for its commercial, defense and space customers, is expected to bring in around $50 billion in annual sales, according to the company.
  • Delays in its KC-46 Tanker Production: Wall Street analysts are also wary of the delays to Boeing's KC-46 tanker aircraft deliveries after the company was slapped with three "deficiency reports" by the US Air Force in September. The company may have to absorb costs from the delays, which could show up in its financial statements.
  • Competition: Boeing will still have to deal with competition down the line, analysts said. They are keeping a close eye on the deal between French-based airline manufacturer Airbus and Bombardier. The deal would pit Bombardier's C series jet against Boeing in the global market for smaller single-aisle commercial jets.

Despite some challenges, the company has beat estimates in the past four quarters and more of the same is expected.

Boeing's stock has closed at record levels, climbing 69.5% year-to-date, which makes it the best performing stock in the Dow Jones Industrial Average. Boeing stocks closed at $266.44 on Tuesday.