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- Boeing stock takes off as earnings land above estimates
- Home
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- Boeing stock takes off as earnings land above estimates
- Founded: 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)
- 5 day: -1.44%
- 1 month: -13.48%
- 3 months: +11.44%
- Year-to-date: -19.04%
- 1 year: -1.73%
- Bank of America: $225
- Susquehanna: $279
- Wells Fargo & Company: $225
- UBS Group: $315
- Barclays: $235
- Stifel Nicolaus: $265
- Royal Bank of Canada: $275
- Deutsche Bank: $270
- Morgan Stanley: $220
- Citigroup: $271
- TD Cowen: $260
- Jefferies Financial Group: $275
- JP Morgan Chase & Co.: $245
- Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours
- Reduce your risk and hedge your existing positions ahead of a new trading day
- Extended trading hours on popular US stocks means extended opportunities
News & AnalysisNews & AnalysisThe Boeing Company (NYSE: BA) reported Q4 2023 financial results before the market open in the US on Wednesday.
World’s largest aircraft manufacturer’s revenue reached $22.018 billion for the last three months of 2023, above analyst estimate of $21.184 billion. Revenue rose by 10% year-over-year.
Boeing reported a loss per share of -$0.47, which was less than -$0.777 loss per share expected.
Company overview
CEO commentary
“While we report our financial results today, our full focus is on taking comprehensive actions to strengthen quality at Boeing, including listening to input from our 737 employees that do this work every day,” Dave Calhoun, CEO of Boeing said in a statement.
“As we move forward, we will support our customers, work transparently with our regulator and ensure we complete all actions to earn the confidence of our stakeholders,” Calhoun looked ahead as company battles recent 737 aircraft safety issues and tries to rebuild its reputation.
Stock reaction
The stock took off on Wednesday after dropping to its lowest level since 17/11/2023 the day before.
Shares were up 5.29%, trading at $211.04 a share.
Stock performance
Boeing price targets
The Boeing Company is the 104th largest company in the world with a market cap of $127.67 billion, according to CompaniesMarketCap.
You can trade The Boeing Company (NYSE: BA) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD on the MetaTrader 5 platform. To find out more, go to ”Trading” then select ”Share CFDs”.
GO Markets offers pre-market and after-market trading on popular US Share CFDs.
Why trade during extended hours?
Sources: The Boeing Company, TradingView, MarketWatch, MarketBeat, CompaniesMarketCap
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