Boeing Slides After Missing Earnings, Burning More Cash Than Expected
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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...
Yellen, Small Business Owners Discuss Pandemic: Stimulus Update Bloomberg 1/29/2021 © Bloomberg The White House in Washington, D.C. (Bloomberg) -- Treasury Secretary Janet Yellen met with small business owners on Thursday. Senate Republicans criticized moves by Democrats to fast-track President Joe Biden’s $1.9 trillion Covid-19 relief plan without their backing. House Speaker Nancy Pelosi said the chamber will meet next week to take the first step toward proceeding with a Democrat-only Covid-19 relief bill. Republicans have voiced support for vaccine funding, but remain opposed to oth...
Treasury Secretary Janet Yellen met with small business owners on Thursday. Senate Republicans criticized moves by Democrats to fast-track President Joe Biden’s $1.9 trillion Covid-19 relief plan without their backing.