Boeing (BA) Misses Q1 EPS by 9c; Lowering Production Rates, Sees Ability to Accesses Liquidity to Fund Operations

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Go back to Boeing (BA) Misses Q1 EPS by 9c; Lowering Production Rates, Sees Ability to Accesses Liquidity to Fund Operations

Boeing Reports First-Quarter Results

April 29, 2020 7:30 AM EDT

CHICAGO, April 29, 2020 /PRNewswire/ --

Financial results significantly impacted by COVID-19 and the 737 MAX grounding Revenue of $16.9 billion, GAAP loss per share of ($1.11) and core (non-GAAP)* loss per share of ($1.70) Operating cash flow of ($4.3) billion; cash and marketable securities of $15.5 billion Total backlog of $439 billion, including over 5,000 commercial airplanes

Table 1. Summary Financial Results

First... More