Investing.com - Boeing (NYSE:BA) reported first quarter earnings that missed analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $3.16 on revenue of $22.92B. Analysts polled by Investing.com forecast EPS of $3.23 on revenue of $23.05B. That compared to EPS of $3.64 on revenue of $23.38B in the same period a year earlier. The company had reported EPS of $5.48 on revenue of $28.34B in the previous quarter.
Boeing shares lost 0.31% to trade at $372.87 in pre-market trade following the report.
Boeing shares lost 0.31% to trade at $372.87 in pre-market trade following the report.
For the year, Boeing shares are up 15.98%, broadly in line with the Dow 30 which is up 15.6% year to date.
Boeing follows other major Capital Goods sector earnings this month
On Thursday, April 18, 2019, Honeywell reported first quarter EPS of $1.92 on revenue of $8.88B, compared to forecasts of EPS of $1.83 on revenue of $8.63B.
United Technologies earnings beat analyst's expectations on Tuesday, with first quarter EPS of $1.91 on revenue of $18.37B. Investing.com analysts expected EPS of $1.71 on revenue of $18B
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