Boeing (BA) came out with a quarterly loss of $5.90 per share versus the Zacks Consensus Estimate of a loss of $3.22. This compares to loss of $0.47 per share a year ago.
Aerospace and defense giant Boeing (BA -0.51%) reported disappointing fourth-quarter and full-year results for 2024 on Tuesday, Jan. 28. The company recorded a challenging quarter, falling short of expectations due to external disruptions and strategic hurdles.
Boeing Co (NYSE:BA, ETR:BCO) said it plans to "gradually increase" production of its 737 aircraft after it resumed in the past quarter after a multitude of safety problems in recent years for its most in-demand energy-efficient model. The aircraft manufacturer published fourth-quarter results on Tuesday that had already largely been pre-released, confirming a basic loss per share of $5.46 and an adjusted loss per share of $5.90, versus previous estimates of closer to $3 and the previous year's much smaller losses.
Boeing (BA) on Tuesday reported a fourth-quarter net loss in line with its recently issued preliminary results, closing out a difficult year that saw it burn through billions amid safety investigations and a strike.
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.