Boeing's Q2 revenue rises by 18% to $19.75 billion - Breaking The News

Boeing's Q2 revenue rises by 18% to $19.75 billion

26 July

1 min read

EPA-EFE/CHRISTOPHE PETIT TESSON

The Boeing Company announced on Wednesday that its revenue in the second quarter of the fiscal year 2023 observed a yearly increase of 18% to hit $19.75 billion, beating estimates. On the other hand, the aircraft maker scored a net loss of $149 million, with the figure worsening from a net income of $160 million registered in the same trimester the year before. Boeing also scored diluted losses per share of $0.25 per share in contrast with earnings per share (EPS) of $0.32 per share seen in the second quarter of 2022. Meanwhile, its deliveries of commercial airplanes rose by 12% year-on-year from 121 to 136.

"We had a solid second quarter with improved deliveries and strong free cash flow generation. We are well positioned to meet the operational and financial goals we set for this year and for the long term," President and Chief Executive Officer (CEO) Dave Calhoun commented.

Following the release of the report, the company's shares jumped by 4.05% in premarket trading.

earnings boeing

Related Stocks

Boeing Company

GameStop's Q4 sales down 28.5% to $1.28B

25 March

GameStop Corp. revealed on Tuesday that its net sales in the fourth quarter of its fiscal 2024 plunged by 28.5% compared to the same period a year before, to land at $1.28 billion. On the other hand, the company's net income doubled to $131.3 million, while its diluted earnings per share (EPS) stood at $0.29 from the previous year's same quarter's $0.21.In the full fiscal 2024, GameStop's net sales declined by 27.5% to $3.82 billion, while its diluted EPS for the...

Boeing jumps 5.6% on new US fighter jet contract

21 March

The Boeing Company saw its shares jump 5.6% after United States President Donald Trump announced the production of a state-of-the-art fighter jet marked F-47 with the aviation giant at the helm of the project. According to reports, the aircraft could become the most expensive of its kind in history, with costs surpassing several billion dollars. Designed for advanced defense capabilities, the plane is expected to set a new benchmark in both technology and...

NIO's Q4 revenue up by 15.2% to $2.7B

21 March

Chinese automobile manufacturer NIO Inc. said on Friday that its revenue jumped 15.2% year on year to reach 19.7 billion yuan (~$2.7 billion) in the fourth quarter of fiscal 2024. The company also reported a net loss of 7.1 billion yuan ($974 million) for the three months, up 32.5% in comparison to the loss reported in the corresponding quarter a year before.The Shanghai-based automaker's sales reached 17.5 billion yuan ($2.4 billion) in the fourth quarter,...

Nike's Q3 revenues down 9% to $11.3 billion

20 March

Nike Inc. revealed on Thursday that its revenues in the third quarter of its fiscal 2025 landed at $11.3 billion, falling by 9% on an annual basis, but surpassing analyst's estimates.In the reported trimester, net income plunged 32% year over year, coming in at $794 million. Meanwhile, earnings per diluted share amounted to $0.54, nosediving 30% compared to the same three-month period a year prior. Sales in China fell by 17%, in North America by 4%, and in...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.