Boeing (BA) and Coca-Cola (KO) released their latest earnings reports before opening bell this morning. Boeing posted adjusted earnings of $2.52 per share and revenue of $25.8 billion, a 9% year over year increase. Analysts had been expecting $24.7 billion in revenue and $2.21 per share in adjusted earnings.

Coca-Cola reported comparable earnings of 51 cents per share, just edging out the estimate of 50 cents per share. Revenue fell by nearly 5% year over year to $11.4 billion, compared to the consensus estimate of $11.5 billion.

Boeing profit surges, ups guidance

Boeing's reported earnings were $2.47 per share, compared to last year's $1.86 per share.  The airplane manufacturer's profits climbed 25% year over year, mostly due to an increase in deliveries for commercial aircraft. Deliveries for commercial aircraft climbed by approximately 7% to 199. Backlog was at $485 billion as the company recorded almost 5,700 orders for more commercial airplanes.

The Commercial Airplanes segment saw revenues rise to $17.7 billion from last year's $16.1 billion, while the Defense, Space & Security segment recorded an increase in revenues from last year's $3.5 billion to this year's $4.1 billion.

Boeing management also raised their guidance for the full year. They now expect revenue of between $95 billion and $97 billion. Their previous guide was for between $94.5 billion and $96.5 billion. The defense contractor now projects earnings of between $7.65 and $7.85 per share, compared to their previous estimate of between $7.60 and $7.80 per share.

They expect to deliver between 855 and 760 commercial airplanes this year, an increase from the previous guide of 750 to 755 deliveries.

As of this writing, shares of Boeing were up 2.91% at $143.02 per share.

Coca-Cola's earnings tick downward

Coca-Cola's reported earnings were 33 cents per share, compared to last year's 48 cents. Management cited the strength of the u.s. dollar for the third quarter's disappointment as the value of international sales decline.