Boeing Reports Mixed Q1 Results
Boeing (NYSE: BA) announced its first-quarter earnings results, revealing a per-share loss of $1.13. This figure exceeded analyst expectations, which had called for a loss of $1.63.
In terms of revenue, Boeing reported $16.57 billion for the quarter, falling short of consensus estimates of $16.5 billion. Despite the revenue miss, Boeing’s EPS beat provided some solace to investors.
However, Boeing’s stock has experienced some turbulence in recent times. Over the past three months, the stock has declined by 17.71%, while it has lost 16.38% of its value over the past year.
Analysts have also been adjusting their earnings forecasts for Boeing. In the last 90 days, the company has received 0 positive EPS revisions and 13 negative EPS revisions.
According to InvestingPro, Boeing’s financial health is currently rated as ‘fair performance’. Investors can track Boeing’s past earnings reports and detailed financial data by visiting the Investing.com website.
For the latest information on upcoming earnings reports, investors are encouraged to consult Investing.com’s earnings calendar.
