Boeing Q2 2024 Adj EPS $(2.90) Misses $(1.91) Estimate, Sales $16.90B Miss $17.23B Estimate
Portfolio Pulse from Benzinga Newsdesk
Boeing (NYSE:BA) reported Q2 2024 adjusted EPS of $(2.90), missing the $(1.91) estimate by 51.83%. Sales were $16.90B, missing the $17.23B estimate by 1.92%, and down 14.43% from $19.75B last year.
July 31, 2024 | 11:31 am
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Boeing reported Q2 2024 adjusted EPS of $(2.90), significantly missing the $(1.91) estimate. Sales were $16.90B, also missing the $17.23B estimate and down 14.43% YoY.
Boeing's significant miss on both EPS and sales estimates, along with a notable YoY sales decline, is likely to negatively impact its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100