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The Boeing Co. Q1 adjusted earnings Miss Estimates

The Boeing Co. (BA) revealed a profit for first quarter that fell from last year.

The company's earnings came in at $2.15 billion, or $3.75 per share. This compares with $2.48 billion, or $4.15 per share, in last year's first quarter.

Excluding items, The Boeing Co. reported adjusted earnings of $1.99 billion or $3.16 per share for the period.

Analysts had expected the company to earn $3.33 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.0% to $22.92 billion from $23.38 billion last year.

The Boeing Co. earnings at a glance:

-Earnings (Q1): $1.99 Bln. vs. $2.51 Bln. last year.
-EPS (Q1): $3.16 vs. $3.64 last year.
-Analysts Estimate: $3.33
-Revenue (Q1): $22.92 Bln vs. $23.38 Bln last year.

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