Boeing (BA) Q4 Revenue Misses Consensus, 787 Production Rate Expected to be Adjusted to 10 Per Month

(Updated - January 29, 2020 7:34 AM EST)

Boeing (NYSE: BA) reported Q4 EPS of ($2.33), may not compare to the analyst estimate of $1.47. Revenue for the quarter came in at $17.9 billion versus the consensus estimate of $21.67 billion.

• As previously announced, the 787 production rate will be reduced from the current rate of 14 airplanes per month to 12 airplanes per month in late 2020. Based on the current environment and near-term market outlook, the production rate is expected to be further adjusted to 10 airplanes per month in early 2021, and return to 12 airplanes per month in 2023.

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

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