Categories AlphaGraphs, Earnings, Industrials
Earnings: Boeing (BA) Q1 loss widens as revenues decline
Aircraft maker The Boing Company (NYSE: BA) reported a wider loss for the first quarter of 2022 as the company’s revenues declined 8%. The results also missed analysts’ estimates.
On an adjusted basis, core net loss widened to $2.75 per share in the March quarter from $1.53 per share in the comparable period of last year. Analysts had predicted a smaller loss for the latest quarter. Unadjusted net loss was $1.22 billion or $2.06 per share, compared to a loss of $537 million or $0.92 per share in the first quarter of 2021.
The bottom line was impacted by an 8% decrease in revenues to $13.9 billion, which also fell short of expectations. However, there was continued increase in the production and deliveries of 737 aircraft.
Check this space to read management/analysts’ comments on Boeing’s Q1 2022 results
Boeing’s stock declined early Wednesday following the earnings announcement, after closing the previous session lower. The stock has lost 20% since the beginning of the year.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
StubHub Holdings set to enter public markets. Here’s what to expect
After a modest start to the year, the IPO market is witnessing an increase in activity led by technology and healthcare companies. StubHub Holdings, a leading online ticket marketplace for
Can Beyond Meat (BYND) overcome its persistent challenges?
Shares of Beyond Meat, Inc. (NASDAQ: BYND) stayed red on Tuesday. The stock has dropped 19% over the past three months. The plant-based meat company continues to struggle in terms
CarMax (KMX) likely to report strong earnings growth for Q4 2025
After reporting robust earnings growth for the third quarter, CarMax, Inc. (NYSE: KMX) is preparing to publish Q4 results next week. Over the years, the company has fostered customer loyalty
