Boeing Reports Third Quarter Revenue and EPS Misses
Boeing (BA) reported third-quarter financial results that fell short of market expectations. The company posted a Non-GAAP earnings per share (EPS) of -$0.34, missing estimates by $0.14. Despite a 4% year-over-year increase in revenue to $24.19 billion, the figure missed analyst projections by approximately $180 million. The revenue performance was driven primarily by increased volume within the defense and services sectors. However, these gains were offset by less favorable commercial delivery numbers, which contributed to the overall miss against consensus estimates.
Tickers: $BA
Topics: commercial deliveries defense and services earnings miss revenue report