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
Earnings calendar for the week of January 18
While the markets got a boost a couple of weeks ago after Congress passed the new stimulus bill, investors seem to have adopted a cautious stance as details of the
DAL Earnings: All you need to know about Delta Air Lines Q4 2020 earnings results
Delta Air Lines (NYSE: DAL) reported fourth quarter 2020 earnings results today. Operating revenues fell 65% year-over-year to $4 billion. The company reported a GAAP net loss of $755 million,
Aphria Inc. (APHA) reports Q2 2021 Earnings
Aphria Inc. (NYSE: APHA) reported second-quarter 2021 earnings results on Thursday. Revenues were C$160.5 million, an increase of 33% compared to the previous year. On an adjusted basis, the company reported earnings