Categories AlphaGraphs, Earnings, Industrials
BA Earnings: Highlights of Boeing’s Q1 2023 financial results
The Boeing Company (NYSE: BA) on Wednesday announced financial results for the first quarter of 2023, reporting a narrower net loss, on an adjusted basis. Revenues grew 28%.
Core loss, adjusted for special items, narrowed sharply to $1.27 per share in the March quarter from $2.75 per share in the year-ago quarter. On an unadjusted basis, the net loss was $425 million or $0.69 per share, compared to a loss of $1.24 billion or $2.06 per share in the first quarter of 2022.
The bottom line benefitted from a 28% increase in revenues to $17.92 billion. The company expects to deliver 400-450 737 airplanes in 2023 and to increase production to 38 per month later this year.
“Demand is strong across our key markets and we are growing investments to advance our development programs and innovate strategic capabilities for our customers and for our future,” said Boeing’s CEO Dave Calhoun.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Key takeaways from Micron’s (MU) first-quarter 2026 results
Micron Technology Inc. (NASDAQ: MU) has reported blockbuster first-quarter results, comfortably beating estimates as strength in data center demand pushed key operating metrics to record levels. Management is now focused
DRI Earnings: Darden Restaurants’ Q2 2026 sales and profit rise YoY
Darden Restaurants, Inc. (NYSE: DRI), a leading fine dining restaurant chain, on Thursday reported an increase in sales and adjusted earnings for the second quarter of fiscal 2026. Total sales
CarMax (KMX) Q3 2026 earnings drop on lower sales; results beat estimates
Used car retailer CarMax, Inc. (NYSE: KMX) on Thursday reported a decline in earnings for the third quarter of fiscal 2026, hurt by lower sales. However, both revenues and earnings
