Recap: Boeing Q3 Earnings

Shares of Boeing (NYSE: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.