Boeing Q3 2024 Adj. EPS $(10.44) Misses $(10.34) Estimate, Sales $17.800B Miss $17.931B Estimate
Portfolio Pulse from Benzinga Newsdesk
Boeing reported a Q3 2024 adjusted EPS of $(10.44), missing the consensus estimate of $(10.34). Sales were $17.800 billion, also below the expected $17.931 billion, marking a 1.68% decrease from the previous year.
October 23, 2024 | 11:30 am
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NEGATIVE IMPACT
Boeing's Q3 2024 earnings report showed a larger-than-expected loss per share and lower-than-expected sales, indicating financial challenges.
Boeing's reported EPS and sales both missed analyst estimates, which is likely to negatively impact investor sentiment and the stock price in the short term. The miss in both earnings and sales suggests ongoing financial difficulties.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100