Aerospace Stocks Soar on Strong Q2 Earnings

Aerospace stocks have reported strong Q2 earnings, with revenues beating analysts' consensus estimates by 1.7% and next quarter's revenue guidance 5.5% above.

Among these companies is Boeing (NYSE:BA), a commercial aircraft market duopoly leader that develops, manufactures, and services airplanes, defense products, and space systems.

Boeing reported revenues of $24.56 billion, up 8% year on year, exceeding analysts' expectations by 1.7%. However, it missed analysts' EPS estimates.

Astronics (NASDAQ:ATRO) delivered the highest full-year guidance raise among its peers, with a solid beat of analysts' EBITDA estimates and full-year revenue guidance exceeding analysts' expectations.