Boeing Reports Q3 Loss, Exceeds Revenue Estimates
Boeing (BA) reported a quarterly loss of $7.47 per share, compared to the Zacks Consensus Estimate of a loss of $3.85.
This loss is an improvement from the $10.44 per share loss reported a year ago.
The company posted revenues of $23.27 billion for the quarter, surpassing the Zacks Consensus Estimate by 6.09% and exceeding year-ago revenues of $17.84 billion.
The quarterly report represents an earnings surprise of -94.03%, but the company has surpassed consensus EPS estimates two times over the last four quarters.
Boeing (BA) came out with a quarterly loss, but topped revenue estimates.
Author's summary: Boeing reports Q3 loss despite revenue growth.