Earnings

Boeing (BA) 2Q 2021 earnings: first profit since 2019

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A Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle, Washington, U.S. June 29, 2020.

Karen Ducey | Reuters

Boeing reported its first quarterly profit in almost two years on Wednesday, boosted by a surge in deliveries of commercial jetliners as airlines began recovering from a pandemic slump and sales rose in other divisions.

The manufacturer snapped six consecutive quarters of losses, swinging to a profit of $567 million for the second quarter from a net loss of $2.96 billion a year earlier as air travel was plunging early in the pandemic.

Boeing’s revenue rose 44% to nearly $17 billion from $11.8 billion a year ago, beating analyst estimates of $16.54…



Source cnbc.com

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