Categories AlphaGraphs, Earnings, Industrials
Earnings: Boeing shares rise on upbeat fourth-quarter results
Airplane maker Boeing (BA) posted its fourth-quarter 2018 results before the bell on Wednesday, Jan. 30. Shares jumped in pre-market trade following the announcement of both upbeat top-line and bottom-line results.
Revenues soared 14% to $28.34 billion, generating an 8% hike in quarterly EPS to $5.93 per share. GAAP net earnings inched 3% to $3.42 billion.
CEO Dennis Muilenburg weighed in, “our financial performance provided a firm platform to further invest in new growth businesses, innovation and future franchise programs, as well as in our people and enabling technologies. In the last 5 years, we have invested nearly $35 billion in key strategic areas of our business, all while increasing cash returns to shareholders.”
JUST IN: ALIBABA Q3 2019 EARNINGS!
Commercial Airplanes Deliveries rose 14% to 238 in the quarter. Cash and investments in marketable securities totaled $8.6 billion, and the debt was $13.8 billion at quarter-end.
During the quarter, Boeing delivered 238 Commercial Airplanes, including its first 737 MAX Boeing Business Jet.
OUTLOOK: LOOKING TO 2019
The Boeing Company announced a new outlook for fiscal 2019. Revenue for the year is expected to be $109.5-111.5 billion, generating GAAP earnings of $21.90-22.10 per share. Core earnings per share is touted to be $19.90-20.10. Annual operating cash flow is estimated at $17.0-17.5 billion.
Boeing expects to deliver a record 895-905 commercial airplanes, generating revenues of $64.5-65.5 billion in 2019.
We’re on Flipboard! Follow us to receive the latest stock market, earnings, and financial news at your fingertips
Most Popular
Boeing (BA) Q3 2024 Earnings: Key financials and quarterly highlights
The Boeing Company (NYSE: BA) reported its third quarter 2024 earnings results today. Revenues dipped 1% year-over-year to $17.8 billion. Net loss attributable to Boeing shareholders was $6.17 billion, or
KO Earnings: Coca-Cola Q3 adjusted profit rises and beats Street view
Soft drink giant The Coca-Cola Company (NYSE: KO) reported an increase in adjusted earnings for the third quarter of 2024. Earnings also exceeded analysts’ estimates. Earnings, adjusted for special items,
T Earnings: All you need to know about AT&T’s Q3 2024 earnings results
AT&T Inc. (NYSE: T) reported its third quarter 2024 earnings results today. Revenues totaled $30.2 billion versus $30.4 billion in the year-ago quarter. Net loss attributable to common stock was
Comments