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The Boeing Co. Q4 Loss Increases, Misses Estimates

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

The Boeing Co. (BA) revealed Loss for its fourth quarter that increased from the same period last year and missed the Street estimates.

The company's bottom line totaled -$3.923 billion, or -$5.46 per share. This compares with -$23 million, or -$0.04 per share, last year.

Excluding items, The Boeing Co. reported adjusted earnings of -$5.90 per share for the period.

Analysts on average had expected the company to earn -$1.66 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 30.8% to $15.242 billion from $22.018 billion last year.

The Boeing Co. earnings at a glance (GAAP) :

-Earnings: -$3.923 Bln. vs. -$23 Mln. last year.
-EPS: -$5.46 vs. -$0.04 last year.
-Revenue: $15.242 Bln vs. $22.018 Bln last year.

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