Categories AlphaGraphs, Earnings, Industrials
BA Earnings: Highlights of Boeing’s Q1 2024 financial results
The Boeing Company (NYSE: BA) on Wednesday announced financial results for the first quarter of 2024, reporting a narrower net loss, on an adjusted basis. Revenues dropped 8%.
Core loss, adjusted for special items, narrowed to $1.13 per share in the March quarter from $1.27 per share in the year-ago quarter. On an unadjusted basis, the net loss was $355 million or $0.56 per share in Q1, compared to a loss of $425 million or $0.69 per share in the first quarter of 2023. Revenues decreased 8% year-over-year to $16.57 billion.
“Our first quarter results reflect the immediate actions we’ve taken to slow down 737 production to drive improvements in quality. We will take the time necessary to strengthen our quality and safety management systems and this work will position us for a stronger and more stable future., and technologies,” said Boeing’s CEO Dave Calhoun.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
AAPL Earnings: Apple’s Q2 sales and profit beat estimates; iPhone sales down 10%
Apple Inc. (NASDAQ: AAPL) on Thursday reported better-than-expected profit and revenue for the second quarter of 2024. There was a 10% decrease in iPhone sales. The gadget giant reported revenues
Shopify (SHOP) is all set to report Q1 2024 results. Here’s what to expect
Over the years, Shopify Inc. (NYSE: SHOP) has steadily expanded its footprint in the online retail market through constant innovation, like the recent launch of a mobile POS device for
eBay (EBAY): A look at how the ecommerce company fared in Q1 2024
Shares of eBay Inc. (NASDAQ: EBAY) were down over 2% on Thursday. The company reported its earnings results for the first quarter of 2024 a day ago, with revenue and
