Boeing (BA) extends pause on share repurchases and suspended dividends until further notice
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Boeing (BA) Misses Q1 EPS by 9c; Lowering Production Rates, Sees Ability to Accesses Liquidity to Fund Operations
April 29, 2020 7:31 AM EDTBoeing (NYSE: BA) reported Q1 EPS of ($1.70), $0.09 worse than the analyst estimate of ($1.61). Revenue for the quarter came in at $16.91 billion versus the consensus estimate of $17.31 billion. Boeing is taking several actions that include reducing commercial airplane production rates. In addition, the company believes it will be able to obtain sufficient liquidity to fund its operations.
"The COVID-19 pandemic is affecting every aspect of our business, including airline customer demand, production continuity and supply chain stability," said Boeing President and CEO David Calhoun. "Our primary focus is the health and safety of... More
