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Boeing stock rallies after revenue and free cash flow beat expectations, while losses were wider than forecast

Clyde Edgerton by Clyde Edgerton
April 26, 2023
in Markets
Boeing stock rallies after revenue and free cash flow beat expectations, while losses were wider than forecast
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Shares of Boeing Co. BA rallied 3.7% in premarket trading Wednesday, after the aerospace and defense giant reported a wider-than-expected loss but revenue and free cash flow that beat forecasts, as a beat by the defense, space and security (DSS) business offset a miss by the commercial airplanes business. Net losses narrowed to $414 million, or 69 cents a share, from $1.22 billion, or $2.06 a share, in the year-ago period. Excluding nonrecurring items, core losses per share of $1.27 was wider than that FactSet loss consensus of $1.07. Revenue jumped 28.1% to $17.92 billion, above the FactSet consensus of $17.52 billion….



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