Boeing on Wednesday, reported Q2 revenue of $17.0 billion, driven by higher commercial airplanes and services volume. GAAP earnings per share of $1.00 and core earnings per share (non-GAAP)* of $0.40 primarily reflects higher commercial volume and lower period costs. Boeing recorded operating cash flow of ($0.5) billion.
“We continued to make important progress in the second quarter as we focus on driving stability across our operations and transforming our business for the future,”
“While our commercial market environment is improving, we’re closely monitoring COVID-19 case rates, vaccine distribution and global trade as key indicators for our industry’s stability. As we continue to position for a robust recovery, we remain committed to safety and quality, while investing in our people, products and technology. I am proud of our team’s resilience and commitment as we work to rebuild trust, improve our performance and deliver for our commercial, defense, space and services customers.”David Calhoun, CEO & President of Boeing
Second quarter estimate:
Earnings: $-0.72 per share anticipated
Revenue: $16.9 billion anticipated
First Quarter Earnings
Boeing Co reported its first quarterly earnings with -1.53 per share versus the expected -1.09, missing ERP by -41.01%. However, the revenue was reported at $1.52T versus the expected $1.51.
This is a developing story, watch this space for more updates.