Boeing Q2 Profit Tops View

Boeing Co. (BA) reported that its second-quarter net earnings attributable to shareholders was $587 million or $1.00 per share compared to a loss of $2.38 billion or $4.20 per share in the prior year, reflecting higher commercial volume and lower period costs.

Core earnings per share for the quarter were $0.40 compared to a loss of $4.79 last year. Analysts polled by Thomson Reuters expected the company to report a loss of $0.72 per share for the second-quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter grew to $16.998 billion from $11.81 billion in the prior year, driven by higher commercial airplanes and services volume. Analysts expected revenues of $17.78 billion for the quarter.

Commercial Airplanes secured orders for 200 737 aircraft for United Airlines, 34 737 aircraft for Southwest Airlines, and a total of 31 freighter aircraft. Commercial Airplanes delivered 79 airplanes during the quarter and backlog included over 4,100 airplanes valued at $285 billion.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Nestle USA Inc., affiliated to Swiss food and beverage giant Nestle SA, is recalling around 27,872 pounds of frozen DiGiorno Crispy Pan Crust pepperoni pizza citing misbranding and undeclared soy protein, a known allergen, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. Eli Lilly and Co. is recalling one lot of GLUCAGON Emergency Kit for low blood sugar to the consumer/user level citing loss of potency, the U.S. Food and Drug Administration announced. The recall involves lot D239382D with expiration date of April 2022 of Glucagon Emergency Kit containing 1mg of freeze-dried (lyophilized) product in a 3 mL vial and a pre-filled diluent syringe. Twitter has rolled out the tipping feature called "Tips" for everyone around the globe using the microblogging site with more payment options to choose from, including cryptocurrencies such as Bitcoin. This is a new way for people to receive and show support on Twitter with money. The feature is currently available on iOS and will be available on Android over the coming weeks.
Follow RTT