Boeing Q1 2024 Adj EPS $(1.13) Beats $(1.76) Estimate, Sales $16.600B Beat $16.227B Estimate
Portfolio Pulse from Benzinga Newsdesk
Boeing reported Q1 2024 adjusted EPS of $(1.13), surpassing the $(1.76) estimate, with sales of $16.600B also beating the $16.227B estimate. However, this represents a 7.37% decrease in sales compared to the same period last year.
April 24, 2024 | 11:31 am
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POSITIVE IMPACT
Boeing's Q1 2024 earnings surpassed estimates with an adjusted EPS of $(1.13) and sales of $16.600B, indicating a potential positive short-term impact on its stock.
Beating both EPS and sales estimates typically generates positive investor sentiment, potentially leading to a short-term increase in stock price. However, the year-over-year sales decrease might temper some of the optimism.
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IMPORTANCE 90
RELEVANCE 100