Categories AlphaGraphs, Earnings, Industrials

Earnings: Boeing (BA) Q1 loss widens as revenues decline

Aircraft maker The Boing Company (NYSE: BA) reported a wider loss for the first quarter of 2022 as the company’s revenues declined 8%. The results also missed analysts’ estimates.

Boeing Q1 2022 earnings infographic

On an adjusted basis, core net loss widened to $2.75 per share in the March quarter from $1.53 per share in the comparable period of last year. Analysts had predicted a smaller loss for the latest quarter. Unadjusted net loss was $1.22 billion or $2.06 per share, compared to a loss of $537 million or $0.92 per share in the first quarter of 2021.

The bottom line was impacted by an 8% decrease in revenues to $13.9 billion, which also fell short of expectations. However, there was continued increase in the production and deliveries of 737 aircraft.

Check this space to read management/analysts’ comments on Boeing’s Q1 2022 results

Boeing’s stock declined early Wednesday following the earnings announcement, after closing the previous session lower. The stock has lost 20% since the beginning of the year.

Prior Performance

  • Boeing Company reports Q3 2021 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

MCD Earnings: McDonald’s comp sales up 12.6% in Q4; profit increases

Fast-food chain McDonald’s Corporation (NYSE: MCD) on Tuesday reported an increase in adjusted earnings for the fourth quarter of 2022 when its revenues remained broadly unchanged. The company said fourth-quarter

GM Earnings: All you need to know about General Motors Q4 2022 earnings results

General Motors Co. (NYSE: GM) reported fourth quarter 2022 earnings results today. Revenue increased 28.4% year-over-year to $43.1 billion. Net income attributable to stockholders increased 14.8% to $2 billion while EPS rose 19.8%

CAT Earnings: Highlights of Caterpillar’s Q4 2022 results

Construction-equipment manufacturer Caterpillar Inc. (NYSE: CAT) reported double-digit growth in fourth-quarter revenues and adjusted earnings. Adjusted net profit increased to $3.86 per share in the December quarter from $2.69 per

Add Comment
Viewing Highlight