Boeing Reports Q3 Loss, Exceeds Revenue Estimates
Boeing (BA) reported a quarterly loss of $7.47 per share, compared to the Zacks Consensus Estimate of a loss of $3.85.
This loss is an improvement from the $10.44 per share loss reported a year ago. The quarterly report represents an earnings surprise of -94.03%.
In terms of revenue, Boeing posted $23.27 billion for the quarter, surpassing the Zacks Consensus Estimate by 6.09% and exceeding the year-ago revenue of $17.84 billion.
The company has surpassed consensus EPS estimates two times over the last four quarters.
- Quarterly loss: $7.47 per share
- Revenue: $23.27 billion
- Earnings surprise: -94.03%
Author's summary: Boeing reports Q3 loss despite topping revenue estimates.