Boeing (BA) Revenue Tops Consensus

Boeing (NYSE: BA) reported Q3 EPS of ($7.47), may not compare to the analyst estimate of ($0.46). Revenue for the quarter came in at $23.3 billion versus the consensus estimate of $21.93 billion.

• 737 stabilized production at 38 per month; jointly agreed with FAA in October to increase to 42 per month

The Boeing Company [NYSE: BA] recorded third quarter revenue of $23.3 billion, reflecting improved operational performance and higher commercial delivery volume. GAAP loss per share of ($7.14) and core loss per share (non-GAAP)* of ($7.47) primarily reflect a pre-tax earnings charge of $4.9 billion on the 777X program, which increased the loss per share by $6.45. The company reported operating cash flow of $1.1 billion and free cash flow (non-GAAP)* of $0.2 billion. Total company backlog at quarter end was $636 billion.

For earnings history and earnings-related data on Boeing (BA) click here.

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