Global aircraft manufacturer Boeing (NYSE:BA) reported better-than-expected second quarter earnings ahead of Wednesday’s opening bell and raised its full-year outlook.

Boeing said core earnings per share came in at $2.42 in the second quarter, blowing past expectations for core earnings per share of $1.98.

The company’s second quarter revenue totaled $22.05 billion, below forecasts for revenue of $22.47 billion.

"Strong operating performance across our production programs and services businesses drove revenue and earnings-per-share growth and healthy operating cash flow, which supported $1.5 billion in additional share repurchases in the quarter," said Boeing Chairman and Chief Executive Officer Jim McNerney.

Boeing said it expected core 2014 full-year earnings per share to come in at a range between $7.90 to $8.10, compared to expectations for core earnings of $7.60 per share.

Following the release of the report, shares in Boeing Company (NYSE:BA) rallied 1.75% in pre-market trade.

Meanwhile, the outlook for U.S. equity markets was upbeat. The Dow indicated a gain of 0.1% at the open, the S&P 500 pointed to a rise of 0.1%, while Nasdaq 100 tacked on 0.1%.

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