© Reuters Boeing Earnings, Revenue Miss in Q1
Investing.com – Boeing (NYSE:) reported on Wednesday first quarter that missed analysts’ forecasts and revenue that fell short of expectations.
Boeing announced earnings per share of $-2.75 on revenue of $13.99B. Analysts polled by Investing.com anticipated EPS of $-0.1877 on revenue of $16.13B.
Boeing shares are down 17% from the beginning of the year, still down 35.36% from its 52 week high of $258.40 set on June 2, 2021. They are under-performing the S&P 500 which is down 12.4% from the start of the year.
Boeing shares lost 2.73% in pre-market trade following the report.
Boeing follows other major Industrials sector earnings this month
Boeing’s report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $3.05 on revenue of $24.38B, compared to forecasts EPS of $2.89 on revenue of $23.82B.
Raytheon Technologies had beat expectations on Tuesday with first quarter EPS of $1.15 on revenue of $15.72B, compared to forecast for EPS of $1.01 on revenue of $15.88B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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