Company News: Boeing (BA) quarterly results miss analysts’ estimates

Market news

29 July 2020

Company News: Boeing (BA) quarterly results miss analysts’ estimates

Boeing (BA) reported Q2 FY 2020 loss of $4.79 per share (versus -$5.82 per share in Q2 FY 2019), much worse than analysts’ consensus estimate of -$2.63 per share.

The company’s quarterly revenues amounted to $11.807 bln (-25.0% y/y), missing analysts’ consensus estimate of $12.946 bln.

BA rose to $173.30 (+1.44%) in pre-market trading.

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