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- Boeing results have landed – the stock takes off
- Home
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- Boeing results have landed – the stock takes off
- Founded: July 15, 1916
- Headquarters: Arlington County, Virginia, United States
- Number of employees: 156,000 (2022)
- Industry: Aerospace
- Key people: Dave Calhoun (President and CEO), Larry Kellner (Chairman)
- 1 month: +0.94%
- 3 months: -1.29%
- Year-to-date: +10.21%
- 1 year: +35.91%
- Susquehanna: $260
- Bernstein: $252
- Credit Suisse: $220
- Northcoast Research: $180
- Cowen & Co.: $230
News & AnalysisNews & AnalysisThe 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.
Company overview
The results
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.
CEO commentary
“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.
Stock performance
Boeing price targets
Boeing is the 95th largest company in the world with a market cap of $126.05 billion, according to CompaniesMarketCap.
You can trade The Boeing Company (NYSE: BA) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD.
Sources: The Boeing Company, TradingView, MarketWatch, MetaTrader 5, TipRanks, CompaniesMarketCap, Wikipedia
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Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.
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