Boeing on Tuesday reported an annual loss of $11.83 billion, its largest since 2020, as it grappled with problems at its commercial and defense units and the fallout from a crippling strike by U.S. West Coast factory workers.
Boeing posted a roughly $4 billion loss for the fourth quarter, according to preliminary results last week. The company has taken charges that span its defense and commercial airplane units.
Citi's Jason Gursky explains why he is constructive on Boeing in the long term, and what the company needs to do to get to a better position.
The aerospace and defense sector is poised for change under the Trump administration and Pete Hegseth's confirmation as the Secretary of the US Department of Defense with Wall Street experts anticipate defense spending to likely increase. Yahoo Finance's Josh Lipton joins Wealth host Brad Smith to discuss the aerospace and defense sector's outlook.
When it comes to losing money, Boeing is an overperformer — of historic proportion. On Thursday, the beleaguered plane maker pre-announced a net loss of $5.46 per share for the fourth quarter of 2024, which pencils out to about $3.8 billion.
Boeing Co BA will report its fourth-quarter earnings on Tuesday. Wall Street expects an EPS loss of $2.44 on $16.17 billion in revenue when the plane manufacturer reports before the market opens.
Boeing Co (NYSE:BA, ETR:BCO) preannounced poor quarterly results for the fourth quarter last week, ahead of the release of its full report on Tuesday, January 28. Wall Street analysts expect Boing to report revenue of $15.18 billion, down 31.1% year-over-year and an adjusted loss per share of $2.93.
Pets at Home will be the focus early on Tuesday, before the likes of Boeing, General Motors and Starbucks update from across the Atlantic.
A leaner Boeing would finally excite Wall Street.
Boeing (BA -1.37%) will release its fourth-quarter 2024 earnings on Jan. 28. Naturally, investors will eagerly await the company's outlook from CEO Kelly Ortberg (appointed in August).
Boeing (BA) is set to post its fourth-quarter report before the opening bell Tuesday, days after the struggling plane maker issued preliminary results including a far wider loss than analysts had been expecting.
Boeing (BA) closed at $176.06 in the latest trading session, marking a -1.37% move from the prior day.