The Boeing Company (NYSE: BA) reported fourth quarter 2020 earnings results today.
Revenues dropped 15% year-over-year to $15.3 billion hurt by lower commercial deliveries and services volume, mainly due to the COVID-19 pandemic and 787 production issues.
GAAP net loss amounted to $8.4 billion, or $14.65 per share, compared to $1 billion, or $1.79 per share, last year. Core loss per share totaled $15.25 versus $2.33 in the year-ago period.
The quarterly losses reflected a $6.5 billion pre-tax charge on the 777X program and a tax valuation allowance, partially offset by a lower 737 MAX customer considerations charge.
The Street was looking for revenues of $15.07 billion and a loss per share of $1.80.
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