Boeing (BA.US) stock rose 0.50% in premarket after the aerospace company reported an adjusted quarterly loss of 60 cents per share, while analysts expected a loss of 20 cents per share. Revenue rose 8.2% from last year to $15.3 billion, well below market expectations of $16.3 billion. Boeing did report better than expected free cash flow, however warned that charges linked to its delayed 787 Dreamliner could reach $1 billion.
"We are driving stability across our operations, investing in our future and positioning our teams to deliver for our customers as the market recovers," said CEO David Calhoun. "Commercial market demand continues to gain traction with broad-based vaccine distribution and border protocols beginning to open. Going forward, supply chain capacity and global trade will be key drivers of our industry and the broader economy's recovery."
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app
Boeing (BA.US) stock remains near the lower limit of the triangle formation. Source:xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
