The Boeing Company (NYSE: BA) on Wednesday announced financial results for the second quarter of 2023, reporting a wider net loss, on an adjusted basis. Revenues grew 18%.
Core loss, adjusted for special items, widened to $0.82 per share in the June quarter from $0.37 per share in the year-ago quarter. On an unadjusted basis, the net loss was $149 million or $0.25 per share, compared to a profit of $160 million or $0.32 per share in the second quarter of 2022. Revenues increased 18% year-over-year to $19.75 billion.
“With demand strong, we’re steadily increasing our production rates across key programs and growing investments in our people, products, and technologies,” said Boeing’s CEO Dave Calhoun.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Nike, Inc. (NYSE: NKE) has long been ruling the sportswear market but the company had its share of problems when headwinds like the pandemic and economic slowdown hit the business
Shares of Electronic Arts Inc. (NASDAQ: EA) stayed green on Friday. The stock has dropped 7% over the past three months. The video game industry has been facing challenges as
Petros Pharmaceuticals, Inc. (NASDAQ: PTPI) is a pharma company focused on identifying, developing, and commercializing therapeutics for men's health issues. It operates mainly through the business segments of Prescription Medications