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.
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