CHICAGO (dpa-AFX) - The Boeing Co. (BA) announced Loss for first quarter that decreased from the same period last year and beat the Street estimates.
The company's bottom line totaled -$123 million, or -$0.16 per share. This compares with -$343 million, or -$0.56 per share, last year.
Excluding items, The Boeing Co. reported adjusted earnings of -$0.49 per share for the period.
Analysts on average had expected the company to earn -$1.30 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 17.7% to $19.496 billion from $16.569 billion last year.
The Boeing Co. earnings at a glance (GAAP) :
-Earnings: -$123 Mln. vs. -$343 Mln. last year. -EPS: -$0.16 vs. -$0.56 last year. -Revenue: $19.496 Bln vs. $16.569 Bln last year.
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