Shares of Boeing BA soared to an all-time high on Wednesday morning after the company posted its second-quarter financial results.Boeing reported earnings of $2.55 per share (excluding $0.34 from non-recurring items). The company’s strong earnings beat the Zacks Consensus Estimate of $2.32 per share. However, the airplane manufacturer’s revenue fell 8.1% to $22.74 billion, which just missed our consensus estimate of $23.01 billion.Still, Boeing stock was up 8.54% through morning trading on Wednesday. Shares reached an intraday high of $230.82 per share, which also represents a new all-time high for the stock. Today’s movement marked the company’s biggest intraday gain since August 2009.The company’s stock is trading hands at a rapid rate today. Boeing stock already moved 7.7 million shares on Wednesday—its average volume is 2.9 million.Shares of Boeing are up 36% year-to-date and 60% in the last 12 months. Boeing is currently a Zacks Rank #2 (Buy) and scored a “B” for Value in our Style Scores system.Great News For The Future? So why did Boeing fly to a new high despite its revenue miss? One of the biggest reasons is the fact that the company reported operating cash flow of $5 billion, which more than doubled analyst expectations.The airplane giant repurchased 13.6 million shares, which amounted to $2.5 billion worth of buybacks. Boeing paid out $900 million in dividends, marking a 30% increase year-over-year.“Our teams are delivering better performance in every segment of the business, which is reflected in our strong second-quarter results and improved 2017 outlook,” Boeing Chairman, President, and CEO Dennis Muilenburg said in a statement.“Our robust cash flow enabled us to return more value to shareholders, invest in future growth and in our people, including a plan to accelerate pension funding that also reduces risk and cyclicality in our business.”The airplane maker delivered 226 commercial and defense-based aircraft in the second-quarter. But what might make investors more excited is that Boeing added $27 billion worth of net orders during the quarter, which helped balloon its already massive backlog to $482 billion.Boeing’s 737, one of its most popular planes and its biggest profit drivers, accumulated a record number of orders in the quarter as well.The company announced its plans to pay $3.5 billion worth of pension liabilities ahead of schedule. Boeing also now expects to buy back roughly $10 billion in stock this year.The company reaffirmed its full-year 2017 guidance to deliver 760 to 765 airplanes. But Boeing now expects earnings of $9.80 to $10 per share, which is up from the $9.20 to $9.40 a share it previously projected.The Hottest Tech Mega-Trend of All Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce “the world's first trillionaries,” but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Boeing Company (The) (BA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research