Investing.com - Boeing (NYSE:BA) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Boeing announced earnings per share of $-0.37 on revenue of $16.68B. Analysts polled by Investing.com anticipated EPS of $-0.1256 on revenue of $17.54B.
Boeing shares are down 22% from the beginning of the year and are trading at $162.48 , down-from-52-week-high.They are under-performing the S&P 500 which is down 17.73% from the start of the year.
Boeing shares gained 4.21% in pre-market trade the report.
Boeing follows other major Industrials sector earnings this month
Boeing's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $3.29 on revenue of $24.77B, compared to forecasts EPS of $3.16 on revenue of $24.65B.
Union Pacific had beat expectations on Thursday, July 21, 2022 with second quarter EPS of $2.93 on revenue of $6.27B, compared to forecast for EPS of $2.84 on revenue of $6.12B.
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