Earnings

Boeing (BA) Q1 2021 earnings report: Another loss

0


Boeing on Wednesday posted its sixth consecutive quarterly loss as it continues to struggle with production issues and a weak jetliner market but said it expects 2021 to be a turning point as more people are vaccinated and travel again.

The plane manufacturer reported a net loss of $561 million for the first three months of 2021 on revenue of $15.2 billion, 10% lower than last year but slightly ahead of analysts’ estimates. Boeing reported a $318 million pretax charge related to issues with a supplier in its modified 747 plane used as Air Force One.

On an adjusted per-share basis, Boeing lost $1.53, a narrower loss than the adjusted $1.70 per share loss it reported a year ago.

Boeing’s…



Source cnbc.com

Mortgage demand falls even as interest rates drop

Previous article

Dogecoin price surges after tweets from Elon Musk and Mark Cuban

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Earnings