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The Boeing Company (NYSE: BA) announced Q1 financial results before the market open in the US on Wednesday. World’s largest aerospace company posted mixed results. Let’s take a close look at how it performed.
Boeing reported revenue of $17,921 billion for the quarter, topping analyst estimate of $17.516 billion.
Revenues were up by 28% compared to the same period last year.
The company reported loss per share of -$1.27, which exceeded analyst estimate of -$1.073 loss per share.
“We delivered a solid first quarter and are focused on driving stability for our customers,” Dave Calhoun, CEO of Boeing said in a letter to shareholders.
“We are progressing through recent supply chain disruptions but remain confident in the goals we set for this year, as well as for the longer term. Demand is strong across our key markets and we are growing investments to advance our development programs and innovate strategic capabilities for our customers and for our future,” Calhoun concluded.
The latest results had a positive impact on the share price.
The stock was up by around 2% on Wednesday at $207.62 a share.
Boeing price targets
Boeing is the 95th largest company in the world with a market cap of $126.05 billion, according to CompaniesMarketCap.
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Sources: The Boeing Company, TradingView, MarketWatch, MetaTrader 5, TipRanks, CompaniesMarketCap, Wikipedia
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