Boeing Confirms Its Bad Earnings. Why the Stock Is Higher.
Boeing reported its full fourth-quarter results Tuesday morning. Even though the company took a lot of drama out of the release with a preannouncement on Jan. 23, there is still a lot that investors wanted to know.
Boeing reports a big loss, as it said it would, and the stock is surging
Boeing’s stock surged toward a six-month high after the big loss that the aerospace giant warned of last week materialized.
Boeing: Q4 Earnings Snapshot
ARLINGTON, Va. (AP) — ARLINGTON, Va. (AP) — Boeing Co. (BA) on Tuesday reported a loss of $3.87 billion in its fourth quarter. The Arlington, Virginia-based company said it had a loss of $5.46 per share. Losses, adjusted for non-recurring gains, were $5.90 per share. The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of $3.22 per share. The airplane builder posted revenue of $15.24 billion in the period. Boeing shares have dropped 1% since the beginning of the year, while the S&P's 500 index has risen 26%. The stock has fallen 13% in the last 12 months.
Why Boeing Stock Is Soaring Today
Boeing reported earnings Tuesday morning and despite a nearly $12 billion loss for 2024, shares were up. There's reason to hope. The embattled plane maker released its Q4 and fisc
Boeing reports wider core loss than expected a week after its earnings warning
Shares of Boeing Co. slipped 0.3% in premarket trading Tuesday, after the aerospace giant reported a core loss that missed expectations by a wide margin, less than week after it warned of a large net loss.
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