The Boeing Company (NYSE: BA) reported a net loss for the first quarter of 2021 as deliveries and service volumes remained under pressure from the COVID-related disruption. The bottom-line missed expectations, while revenues beat.
The Illinois-based aircraft maker reported revenues of $15.2 billion, which is down 10% from the first quarter of 2020. The top-line, meanwhile, exceeded experts’ projection.
The company reported a loss of $1.53 per share, on an adjusted basis, compared to a loss of $1.7 per share in the year-ago quarter. On a reported basis, it was a net loss of $561 million or $0.92 per share, compared to a loss of $641 million or $1.11 per share last year. Analysts had predicted a narrower loss for the latest quarter.
Read management/analysts’ comments on Boeing’s Q1 report
Boeing’s stock dropped early Wednesday soon after the earnings announcement, after closing the previous session higher.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Walgreens Boots Alliance set to report Q2 earnings. Here’s what to expect
Walgreens Boots Alliance, Inc. (NASDAQ: WBA), a market leader in health and wellness services, is preparing to report second-quarter results, with market watchers forecasting a mixed outcome. As part of
Chewy (CHWY) is set for meaningful growth in the coming year, here’s why
Shares of Chewy, Inc. (NYSE: CHWY) stayed red on Thursday. The stock has dropped 2% over the past three months. The pet products company ended fiscal year 2024 on a
GME Earnings: GameStop Q4 2024 profit rises; sales down 28%
Video game company GameStop Corp. (NYSE: GME) has reported an increase in fourth-quarter 2024 earnings, despite a double-digit fall in revenues. Net sales decreased to $1.28 billion in the fourth
