Boeing Earnings: BA Stock Flies on Big Beat, Outlook Surprise

BA beat EPS and revenue estimates for Q4

Boeing earnings for the fourth quarter of 2018 have BA stock flying high on Wednesday.

Boeing Earnings: BA Stock Flies on Big Beat, Outlook Surprise
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Boeing (NYSE:BA) reported earnings per share of $5.48 for the fourth quarter of the year. This is a major increase over the company’s earnings per share of $5.07 from the fourth quarter of 2017. It was also a blessing for BA stock by easily beating out Wall Street’s earnings per share estimate of $4.58 for the period.

Boeing earnings for the fourth quarter of 2018 also include net income of $3.42 billion. This is better than the company’s net income of $3.32 billion reported in the same period of the year prior.

Operating income in the Boeing earnings report for the fourth quarter of the year came in at $4.18 billion. The airplane company’s operating income from the same time last year was $2.98 billion.

The Boeing earnings report for the fourth quarter of 2018 also includes revenue of $28.34 billion. This is up from the company’s revenue of $24.77 billion reported in the fourth quarter of the previous year. It is also good news for BA stock by coming in above analysts’ revenue estimate of $26.87 billion for the quarter.

The most recent Boeing earnings report also contains the company’s outlook for the full year of 2019. Boeing is expecting earnings per share between $19.90 and $20.10 on revenue ranging from $109.50 billion to $111.50 billion. This will easily have the company beating out Wall Street’s earnings per share and revenue estimates of $18.31 and $106.80 billion of for the year.

BA stock was up 6% as of Wednesday afternoon.

As of this writing, William White did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, https://investorplace.com/2019/01/boeing-earnings-send-ba-stock-higher/.

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