Boeing: 1Q Earnings Snapshot
Posted Apr 24, 2019 07:37:43 AM.
This article is more than 5 years old.
CHICAGO (AP) _ Boeing Co. (BA) on Wednesday reported first-quarter net income of $2.15 billion.
The Chicago-based company said it had net income of $3.75 per share. Earnings, adjusted for non-recurring gains, came to $3.16 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.11 per share.
The airplane builder posted revenue of $22.92 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $22.26 billion.
Boeing shares have climbed 16 per cent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 17 per cent. The stock has climbed 10 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BA at https://www.zacks.com/ap/BA
The Associated Press
