Boeing announced earnings per share of $-7.69 on revenue of $14.79B. Analysts polled by Investing.com anticipated EPS of $-0.34 on revenue of $16.66B.
Boeing shares are up 1% from the beginning of the year, still down 26.73% from its 52 week high of $278.57 set on March 15, 2021. They are outperforming the S&P 500 which is down 8.6% from the start of the year.
Boeing shares gained 0.33% in pre-market trade following the report.
Boeing’s report follows an earnings beat by Union Pacific on January 20, who reported EPS of $2.66 on revenue of $5.73B, compared to forecasts EPS of $2.61 on revenue of $5.6B.
Raytheon Technologies had beat expectations on Tuesday with fourth quarter EPS of $1.08 on revenue of $17.04B, compared to forecast for EPS of $1.02 on revenue of $17.28B.
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