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0.0017317266758064 0.000577242225268869 -0.00378165812829212 -0.00808139115376293 -0.0141424345190851 -0.0069269067032254 -0.00165957139764766 0.0255790461072229
Stock impact report

Boeing's stock surges after wider-than-expected loss and revenue miss, but free cash flow beat [MarketWatch]

Boeing Company (The) (BA) 
Last boeing company (the) earnings: 4/29 07:30 am Check Earnings Report
Company Research Source: MarketWatch
Shares of Boeing Co. surged 5.0% in premarket trading Wednesday, after the aerospace and defense giant missed first-quarter profit and revenue expectations, as the company said the COVID-19 pandemic has affected every aspect of its business, but free cash flow was better than forecast. Boeing swung to a net loss of $641 million, or $1.11 a share, from net income of $2.15 billion, or $3.75 a share, in the year-ago period. Excluding non-recurring items, adjusted loss per share came to $1.70, wider than the FactSet loss consensus of $1.60. Revenue fell 26% to $16.91 billion, below the FactSet consensus of $17.33 billion. Free cash flow swung to a negative $4.73 billion from positive $2.29 billion, but that beat the FactSet consensus of negative $5.79 billion. Commercial airplane revenue fell 48% to $6.21 billion, but was above expectations of $5.94 billion, while defense, space and security revenue declined 8% to $6.04 billion versus expectations of a rise to $6.76 billion. Actions Boein Show less Read more
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