Categories AlphaGraphs, Earnings, Industrials

Boeing (BA) loss narrows in Q1; revenues down 10%

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.

Boeing Q1 2021 earnings infographic

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.

  • Boeing reports Q3 2020 earnings results

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

Charles Schwab Corp. (SCHW) Q3 earnings beat estimates amid 87% revenue growth

Financial services company The Charles Schwab Corporation (NYSE: SCHW) on Friday reported strong revenue and earnings growth for the third quarter. The numbers also beat Wall Street's forecast. Third-quarter revenues

GS Earnings: All you need to know about Goldman Sachs’ Q3 2021 earnings results

The Goldman Sachs Group, Inc. (NYSE: GS) reported third quarter 2021 earnings results today. Revenues increased 26% year-over-year to $13.61 billion. Net earnings applicable to common shareholders increased 63% YoY

PNC Financial Services (PNC) Q3 Earnings: Key financials and quarterly highlights

The PNC Financial Services Group, Inc. (NYSE: PNC) reported third-quarter 2021 earnings results today. Revenues were up 21% year-over-year to $5.1 billion compared to the previous year.  Net income attributable

Add Comment
Viewing Highlight