Company News: Boeing (BA) reports bigger-than-expected quarterly loss

Market news

29 April 2020

Company News: Boeing (BA) reports bigger-than-expected quarterly loss

Boeing (BA) reported Q1 FY 2020 loss of $1.70 per share (versus earnings of $3.16 per share in Q1 FY 2019), worse than analysts' consensus estimate of a loss of $1.39 per share.

The company's quarterly revenues amounted to $16.908 bln (-26.2% y/y), roughly in line with analysts' consensus estimate of $16.904 bln.

BA rose to $137.96 (+5.07%) in pre-market trading.

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