The Boeing Company (NYSE: BA) reported a narrower net loss for the June-quarter even as revenues decreased 25%, hurt by the coronavirus-linked flight cancellations.
Core loss, adjusted for one-off items, narrowed to $4.79 per share from $5.82 per share in the second quarter of 2019. The bottom-line, meanwhile, missed the estimates.
Net loss, on an unadjusted basis, was $2.39 billion or $4.20 per share, compared to a loss of $2.94 billion or $5.21 per share recorded a year earlier.
Second-quarter revenues plunged 25% year-over-year to $11.8 billion, hurt by the widespread disruptions caused by the COVID-19 pandemic and grounding of the 737 MAX fleet. Analysts had forecast a slower decline.
Boeing’s stock gained about 2% early Wednesday following the earnings announcemnet, after closing the previous session higher.
Most Popular
Hormel (HRL) expects earnings pressure to continue into Q1 2026
Shares of Hormel Foods Corporation (NYSE: HRL) gained over 3% on Thursday. The company delivered mixed results for the fourth quarter of 2025, as earnings came ahead of expectations while
Key metrics from Kroger’s (KR) Q3 2025 earnings results
The Kroger Co. (NYSE: KR) reported its third quarter 2025 earnings results today. Total company sales rose to $33.9 billion from $33.6 billion in the same period last year. Identical
Dollar General (DG) Q3 2025 Earnings: Key financials and quarterly highlights
Dollar General Corporation (NYSE: DG) reported its third quarter 2025 earnings results today. Net sales increased 4.6% year-over-year to $10.65 billion. Same-store sales increased 2.5%. Net income was $282.7 million, or
