Categories AlphaGraphs, Earnings, Industrials

Boeing Company (BA) Q2 loss narrows; revenue down 25%

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.

Boeing Company Q2 2020 earnings infographic

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.


Looking forward to listening to management/analysts’ comments on Q2 results? Stay tuned here for Boeing’s Q2 2020 earnings call transcript 


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

Adobe Inc. (ADBE) Stock: Should you invest in this recession-proof tech firm?

Adobe, Inc. (NASDAQ: ADBE) has been dominating the design software space for quite some time, all along staying resilient to macroeconomic fluctuations and market headwinds. The company’s cloud-based applications, offered

Brilliant Earth IPO: Here are a few points to note about this jewelry company that goes public next week

Jewelry has always played a significant role in people’s lives. As life begins to go back to normal after the pandemic and people start attending social events, they are looking

Kontrol Technologies CEO Paul Ghezzi: Our focus is on reinvesting for growth

Tell us about BioCloud, how it’s different from any alternate existing products, and your distribution model. BioCloud exists as a part of Kontrol Technologies and is an innovation within our

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top