The Boeing Co. (BA) released Loss for fourth quarter that decreased from the same period last year but missed the Street estimates.
The company's earnings came in at -$634 million, or -$1.06 per share. This compares with -$4.14 billion, or -$7.02 per share, in last year's fourth quarter.
Excluding items, The Boeing Co. reported adjusted earnings of -$650 million or -$1.75 per share for the period.
Analysts on average had expected the company to earn $0.26 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 35.1% to $19.98 billion from $14.79 billion last year.
The Boeing Co. earnings at a glance (GAAP) :
-Earnings (Q4): -$634 Mln. vs. -$4.14 Bln. last year.
-EPS (Q4): -$1.06 vs. -$7.02 last year.
-Analyst Estimates: $0.26
-Revenue (Q4): $19.98 Bln vs. $14.79 Bln last year.
For comments and feedback contact: editorial@rttnews.com