Investing.com - Boeing (NYSE:BA) reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Boeing announced earnings per share of $-2.33 on revenue of $17.91B. Analysts polled by Investing.com anticipated EPS of $0.6 on revenue of $21.65B. That with comparison to EPS of $5.48 on revenue of $28.34B in the same period a year before.Boeing had reported EPS of $1.45 on revenue of $19.98B in the previous quarter.Analysts are expecting EPS of $1.73 and revenue of $22.43B in the upcoming quarter.
Boeing shares are down 2% from the beginning of the year and are trading at $310.00 , down-from-52-week-high.They are under-performing the S&P 500 which is up 0.95% year to date.
Boeing shares lost 2.07% in pre-market trade the report.
Boeing follows other major Capital Goods sector earnings this month
Boeing's report follows an earnings beat by United Technologies on Tuesday, who reported EPS of $1.94 on revenue of $19.55B, compared to forecasts EPS of $1.84 on revenue of $19.4B.
ASML ADR had missed expectations on Wednesday, January 22, 2020 with fourth quarter EPS of $2.99 on revenue of $4.47B, compared to forecast for EPS of $3.01 on revenue of $4.35B.
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