Boeing Slides After Missing Earnings, Burning More Cash Than Expected
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Source: zerohedge.com
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Boeing Declines After Missing Earnings, Burning More Cash Than Expected – Investment Watch
Challenged aircraft-maker Boeing reported a smaller quarterly loss – helped by an improvement in aircraft deliveries as its 737 MAX jets come back on line and airlines prepare for a recovery in travel this summer – even as it missed adjusted EPS expectations despite beating on revenue. Below is a snapshot of the company’s Q1 results: Adj EPS Loss $1.53 vs. Loss $1.70 Y/Y, Est. loss 1.16 Neg Operating Cash Flow $3.39B, Est. Negative $3.12B Neg Adj Free Cash Flow $3.678B, Est. Negative $3.34B Revenue $15.22B, down from $16.9B Y/Y; Est. $15.12B Boeing had a -69.55% negative earnings surpri...
Source: investmentwatchblog.com