Company News: Boeing (BA) quarterly earnings miss analysts’ forecast

Market news

24 April 2019

Company News: Boeing (BA) quarterly earnings miss analysts’ forecast

Boeing (BA) reported Q1 FY 2019 earnings of $3.16 per share (versus $3.64 in Q1 FY 2018), missing analysts’ consensus of $3.19.

The company’s quarterly revenues amounted to $22.917 bln (-2.0% y/y), generally in line with analysts’ consensus estimate of $23.044 bln.

The company also suspended its previously issued FY 2019 guidance, saying that it does not reflect 737 MAX impacts. The new guidance will be issued at a future date.

BA rose to $377.99 (+1.06%) in pre-market trading.

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