Company News: Boeing (BA) Q1 earnings miss analysts’ forecasts

Market news

27 April 2016

Company News: Boeing (BA) Q1 earnings miss analysts’ forecasts

Boeing reported Q1 FY 2016 earnings of $1.74 per share (versus $1.97 in Q1 FY 2015), missing analysts' consensus of $1.84.

The company's quarterly revenues amounted to $22.632 bln (+2.2% y/y), beating consensus estimate of $21.497 bln.

Boeing reaffirmed guidance for FY 2016, projecting EPS of $8.15-8.35 (versus analysts' consensus of $8.49) and revenues of $93-95 bln (versus analysts' consensus of $93.9 bln).

BA fell to $130.90 (-1.76%) in pre-market trading.

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