Boeing reported its full fourth-quarter results Tuesday morning. Even though the company took a lot of drama out of the release with a preannouncement on Jan. 23, there is still a lot that investors wanted to know.
The loss demonstrates the challenges facing CEO Kelly Ortberg in turning around the planemaker as it cedes more ground to rival Airbus.
Shares of Boeing ( BA 2.00%) are moving higher Tuesday. The company's stock gained 4.1% as of 1:20 p.m. ET, but was up as much as 7.6% earlier in the day. The move upward comes as the S&P 500 and Nasdaq Composite gained 0.8% and 1.8%, respectively.
Is an embattled Boeing performing above or below forecasts? It may be better to just go with your gut. The Virginia-based plane maker confirmed Tuesday that revenues shrank 31% in the fourth quarter of 2024 from a year earlier,
Boeing posted a fourth-quarter loss of $3.8 billion on Tuesday as a machinists strike and other problems continued to plague the troubled aircraft manufacturer.
The machinist strike and Pentagon projects have sapped the manufacturer’s cash flow.
Boeing (BA) is set to report Q4 earnings on Tuesday. Q4 pre-announced print looks rough but stock has bullish signals, analysts see 20% upside.
Wall Street's main stock indexes were set to open lower on Friday, with investors staying cautious ahead of economic data, while planemaker Boeing dropped after issuing a quarterly profit warning. At 8:42 a.
General Motors on Tuesday posted fourth-quarter 2024 results and a 2025 earnings forecast ahead of Wall Street expectations, but shares fell sharply in trading Tuesday as investors weighed the threat of tariffs that could hit the automaker's business.
Eastern time, the S&P 500 was 0.3 per cent higher. The Dow Jones Industrial Average was up 0.3 per cent and the Nasdaq Composite was 0.8 per cent higher
Wall Street's major indexes experienced gains, driven by the recovery of AI-linked shares. Nvidia rebounded after a significant loss. Concerns over proposed U.S. tariffs lingered, with potential impacts on inflation and Federal Reserve rate cuts.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of $3.22 per share. The airplane builder posted revenue of $15.24 billion in the period.