Boeing Tops Estimates as Deliveries Increase, Shares Rally
Boeing ©Shutterstock Shares of Boeing Co. (NYSE:BA) jumped 3.5% after the aerospace group reported a smaller-than-expected first-quarter loss, supported by higher aircraft deliveries and improved operational execution. The company posted an adjusted loss per share of -$0.20, beating analyst forecasts of -$0.66. Revenue rose 14% year-on-year to $22.2 billion from $19.5 billion, coming in ahead of the $21.99 billion consensus estimate. The increase was largely driven by 143 commercial aircraft deliveries, ...