Investing.com - Boeing (NYSE:BA) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Boeing announced earnings per share of $-1.7 on revenue of $16.91B. Analysts polled by Investing.com anticipated EPS of $-1.36 on revenue of $17.28B. That with comparison to EPS of $3.16 on revenue of $22.92B in the same period a year before.Boeing had reported EPS of $-2.33 on revenue of $17.91B in the previous quarter.Analysts are expecting EPS of $-0.97 and revenue of $15.06B in the upcoming quarter.
Boeing shares are down 59% from the beginning of the year and are trading at $129.93 , down-from-52-week-high.They are under-performing the Dow 30 which is down 15.84% year to date.
Boeing shares lost 1.04% in pre-market trade the report.
Boeing follows other major Capital Goods sector earnings this month
Boeing's report follows an earnings missed by ASML ADR on Wednesday, April 15, 2020, who reported EPS of $0.93 on revenue of $2.44B, compared to forecasts EPS of $1.47 on revenue of $3.17B.
Lockheed Martin had beat expectations on Tuesday, April 21, 2020 with first quarter EPS of $6.08 on revenue of $15.65B, compared to forecast for EPS of $5.81 on revenue of $15.08B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar