Recap: Boeing Q3 Earnings

Shares of Boeing BA fell 1.8% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 195.86% year over year to ($1.39), which beat the estimate of ($2.32).

Revenue of $14,139,000,000 decreased by 29.23% year over year, which missed the estimate of $14,490,000,000.

Guidance

Boeing hasn't issued any earnings guidance for the time being.

Boeing hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Oct 28, 2020

Time: 10:30 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/ba/mediaframe/39275/indexr.html

Price Action

52-week high: $375.60

52-week low: $89.00

Price action over last quarter: down 5.90%

Company Overview

Boeing is the world's largest aerospace and defense firm. With headquarters in Chicago, the firm operates in four segments, commercial airplanes, defense, space & security, global services, and Boeing capital. Boeing's commercial airplanes segment produces about 60% of sales and two-thirds of operating profit, and it competes with Airbus in the production of aircraft ranging from 130 seats upwards. Boeing's defense, space & security segment competes with Lockheed, Northrop, and several other firms to create military aircraft and weaponry. The defense segment produces about 25% of sales and 13% of operating profit, respectively. Boeing's global services segment provides aftermarket servicing to commercial and military aircraft and produces about 15% of sales and 21% of operating profit.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNews
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!