The Boeing Company (NYSE: BA) reported fourth quarter 2020 earnings results today.
Revenues dropped 15% year-over-year to $15.3 billion hurt by lower commercial deliveries and services volume, mainly due to the COVID-19 pandemic and 787 production issues.
GAAP net loss amounted to $8.4 billion, or $14.65 per share, compared to $1 billion, or $1.79 per share, last year. Core loss per share totaled $15.25 versus $2.33 in the year-ago period.
The quarterly losses reflected a $6.5 billion pre-tax charge on the 777X program and a tax valuation allowance, partially offset by a lower 737 MAX customer considerations charge.
The Street was looking for revenues of $15.07 billion and a loss per share of $1.80.
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
Tyson Foods (TSN) Q2 2024 Earnings: Key financials and quarterly highlights
Tyson Foods, Inc. (NYSE: TSN) reported second quarter 2024 earnings results today. Sales dipped slightly to $13.07 billion from $13.1 billion in the same period a year ago. Net income
After mixed Q2, what awaits Apple (AAPL) in the second half?
Apple’s (NASDAQ: AAPL) stock rallied this week after the gadget giant reported stronger-than-expected Q2 results and announced the largest-ever share buyback program. The company is investing heavily in the business,
What to expect when Tyson Foods (TSN) reports Q2 2024 earnings results
Shares of Tyson Foods, Inc. (NYSE: TSN) stayed green on Friday. The stock has gained 8% over the past three months. The branded foods company is slated to report its
