Airbus first-quarter earnings beat forecasts, maintains targets

PARIS, April 30 (Reuters) - Europe’s Airbus AIR.PA posted stronger-than-expected revenues and core profit for the first quarter and reaffirmed targets for the year, while stressing it was too early to quantify the impact of tariffs.

The world’s largest planemaker said its widely watched adjusted operating income rose 8% to 624 million euros and revenues gained 6% to 13.54 billion euros in the quarter, led by defence which smoothed the impact of lower jetliner deliveries.

Analysts had on average expected adjusted or underlying operating profit of 602 million euros on revenues of 12.95 billion, according to consensus data compiled by the company. Airbus also burned significantly less cash than expected.