Boeing (BA) Reports Q4 Loss Per Share of $15.25 Due to $6.5 Billion Pre-Tax Charge

Boeing (NYSE: BA) reported Q4 EPS of ($15.25), may not compare to the analyst estimate of ($1.80). Revenue for the quarter came in at $15.3 billion versus the consensus estimate of $15.07 billion.

• The Boeing Company [NYSE: BA] reported fourth-quarter revenue of $15.3 billion, reflecting lower commercial deliveries and services volume primarily due to COVID-19 as well as 787 production issues, partially offset by a lower 737 MAX customer considerations charge in the quarter compared to the same period last year (Table 1). GAAP loss per share of ($14.65) and core loss per share (non-GAAP)* of ($15.25) reflected a $6.5 billion pre-tax charge on the 777X program and a tax valuation allowance, partially offset by a lower 737 MAX customer considerations charge. Boeing recorded operating cash flow of ($4.0) billion.

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