2023-01-25 13:09:01

Boeing Q4 Loss Sharply Narrows; Results Miss Estimates

Logo RTTNews
RTTNews
By Rtt News Staff Writer

Aerospace giant Boeing Co. (BA) on Wednesday reported fourth-quarter net loss attributable to Boeing shareholders of $634 million or $1.06 per share, sharply narrower than $4.14 billion or $7.02 per share in the year-ago quarter.

Excluding special items, core loss for the quarter was $1.75 per share, compared to core loss of $7.69 per share in the prior-year quarter.

Total revenues for the quarter improved 35 percent to $19.98 billion from $14.79 billion in the same quarter last year.

Continue read on rttnews.com

Logo U.S. News & World Report
PoliticsBy Associated Press2023-01-25 13:02:25
Boeing said Wednesday it lost $663 million in the fourth quarter as rising production costs and supply-chain problems offset rising revenue. It was another...

Logo CNBC
Business / FinanceBy Leslie Josephs2023-01-25 12:35:21
Key Points Boeing generated positive free cash flow last year for the first time since 2018 thanks to a rebound in aircraft sales and deliveries. Labor and...

Logo PR Newswire
EconomyPress Release2023-01-25 12:30:00
ARLINGTON, Va., Jan. 25, 2023 /PRNewswire/ -- Fourth Quarter 2022 Generated $3.5 billion of operating cash flow and $3.1 billion of free cash flow...

Logo Benzinga
Business / FinanceBy Benzinga Insights2023-01-24 14:01:15
Boeing BA is set to give its latest quarterly earnings report on Wednesday, 2023-01-25. Here's what investors need to know before the announcement. Analysts...

Logo Nasdaq
TechnologyBy Zacks2023-01-24 18:49:00
Lockheed Martin (LMT) reported $18.99 billion in revenue for the quarter ended December 2022, representing a year-over-year increase of 7.1%. EPS of $7.79...

Logo Benzinga
Business / FinanceBy Adam Eckert2023-01-24 13:33:13
Lockheed Martin Corp LMT shares are trading higher Tuesday after the company reported fourth-quarterfinancial results that topped average analyst estimates....

Logo U.S. News & World Report
PoliticsBy Associated Press2023-01-24 21:48:45
REDMOND, Washington (AP) Microsoft on Tuesday reported a 12% drop in profit for the October-December quarter, reflecting the economic uncertainty it said led...

Logo Nasdaq
Business / FinanceBy Rtt News2023-01-24 21:12:14
(RTTNews) - Microsoft Corporation (MSFT) released a profit for second quarter that decreased from last year but beat the Street estimates. The company's...

Logo Nasdaq
Business / FinanceBy Rtt News2023-01-24 12:36:05
(RTTNews) - Lockheed Martin Corp. (LMT) announced earnings for fourth quarter that decreased from last year but beat the Street estimates. The company's...

Logo RTTNews
Business / FinanceBy Rtt News Staff Writer2023-01-25 10:52:30
Central Pacific Financial Corp. ( CPF ) the parent company of Central Pacific Bank, on Wednesday reported that net income for the fourth quarter declined to...

Logo Benzinga
Business / FinanceBy Shivani Kumaresan2023-01-24 13:36:57
Union Pacific Corp UNP reported fourth-quarter FY22 sales growth of 8% year-on-year to $6.18 billion, missing the consensus of $6.31 billion. Higher fuel...

Logo Nasdaq
TechnologyBy Zacks2023-01-25 09:19:00
For the quarter ended December 2022, Halliburton (HAL) reported revenue of $5.58 billion, up 30.5% over the same period last year. EPS came in at $0.72,...

Logo The New York Times
Business / FinanceBy Karen Weise2023-01-24 21:34:14
The company, which announced plans to lay off 10,000 workers last week, had warned that is was facing a significant slowdown in the growth of its sales....

Logo GlobeNewswire
Fourth Quarter Highlights Fourth quarter net income of $30.9 million, or $1.81 per diluted share Adjusted fourth quarter net income (non-GAAP) of $31.1...

Logo Channel NewsAsia
Business / FinanceBy Cna2023-01-24 21:08:09
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide Microsoft Corp...

Logo Benzinga
Business / FinanceBy Lisa Levin2023-01-25 09:05:17
With US stock futures trading lower this morning on Wednesday, some of the stocks that may grab investor focus today are as follows: Wall Street expects...

Logo Benzinga
Business / FinanceBy Benzinga Insights2023-01-25 09:30:33
Companies Reporting Before The Bell ASML Holding ASML is expected to report quarterly earnings at $4.45 per share on revenue of $6.50 billion. Norfolk...

Logo RTTNews
Business / FinanceBy Rtt News Staff Writer2023-01-25 12:16:14
Telecom giant AT&T, Inc. ( T ) reported Wednesday a hefty loss for the fourth quarter compared to a profit last year, primarily hurt by impairments,...

Logo Nasdaq
Business / FinanceBy Rtt News2023-01-24 21:10:32
(RTTNews) - Capital One Financial Corp. (COF) revealed a profit for fourth quarter that decreased from last year and missed the Street estimates. The...

Logo U.S. News & World Report
PoliticsBy Associated Press2023-01-24 14:12:47
OMAHA, Neb. (AP) Union Pacific's fourth-quarter profit slipped 4% as severe winter weather snarled shipments in late December and the railroad continued to...