Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter @TomiKilgore.
Shares of Boeing Co. BA, +0.73% surged 3.1% in premarket trading Wednesday, after the aerospace and defense giant reported a wider-than-expected loss but topped revenue expectations and affirmed the full-year outlook for free cash flow. Net losses narrowed to $1.64 billion, or $2.70 a share, from $3.31 billion, or $5.49 a share, in the year-ago period. Excluding nonrecurring items, core per-share losses of $3.26 were wider than the FactSet loss consensus of $3.18. Revenue grew 13.5% to $18.
01 billion, as revenue from Boeing’s commercial airplanes and global services businesses topped expectations while defense, space and security revenue missed. Free cash flow of negative $310 million compared with the FactSet consensus of negative $266.7 million. For 2023, the company affirmed its guidance for free cash flow of $3.0 billion to $5.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GE stock jumps after big profit and FCF beats, raised outlookGE Vernova to be spun off at start of Q2 2024, with stock to list on NYSE as ‘GEV’
Read more »
Coca-Cola’s stock jumps after profit and revenue beat expectations as price and volume roseTomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter TomiKilgore.
Read more »
Dow reports profit and sales drop as the global economy slows, but beats Wall Street expectationsTomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter TomiKilgore.
Read more »
GE’s spinoff of GE Vernova to occur at start of Q2 2024, will list on the NYSETomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter TomiKilgore.
Read more »
3M bounces sharply off an 11-year low after big adjusted profit beat and raised outlookTomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter TomiKilgore.
Read more »
Halliburton stock extends pullback after profit tops expectations but revenue comes up shyTomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter TomiKilgore.
Read more »