Boeing (BA) Q2 EPS and Revenue Miss Consensus by Wide Margin

July 24, 2019 7:31 AM

(Updated - July 24, 2019 7:32 AM EDT)

Boeing (NYSE: BA) reported Q2 EPS of ($5.82), $7.69 worse than the analyst estimate of $1.87. Revenue for the quarter came in at $15.8 billion versus the consensus estimate of $18.55 billion.

During the quarter, Commercial Airplanes delivered 90 airplanes, including 42 787s, and captured orders for two 777 freighters for DHL and six 767 freighters for FedEx. Highlights from the Paris Air Show included a letter of intent from IAG for 200 737 MAX airplanes as well as several wide body commitments. The 777X program is progressing well through pre-flight testing. While the company is still targeting late 2020 for first delivery of the 777X, there is significant risk to this schedule given engine challenges, which are delaying first flight until early 2020.

For earnings history and earnings-related data on Boeing (BA) click here.

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