Analysts see lower profits for Boeing

Analysts at J.P. Morgan on Monday lowered their earnings forecasts for Boeing, citing uneasiness about 787 Dreamliner and 747-8 delays, 777 order strength and defense cutbacks.

J.P. Morgan cut its 2010 earnings per share projection by 10 cents, to $4. Analysts there predicted 2011 earnings of $4.75 a share, a decrease of 35 cents.

The Wall Street firm said problems with the first batch of Rolls-Royce engines for the Dreamliner could have financial implications for Boeing if the engines must be replaced or retested.