Investor Alert

New York Markets After Hours

Market Pulse Archives

April 24, 2019, 8:10 a.m. EDT

Boeing's stock swings higher after Q1 results, which include $1 billion increased cost for 737 business

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Boeing Co. (BA)
  • X
    Dow Jones Industrial Average (DJIA)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Boeing Co.'s /zigman2/quotes/208579720/composite BA -0.40% commercial airplanes business suffered first-quarter declines in profit, revenue and margin in the wake of groundings of its 737 MAX planes after two deadly crashes. The stock has swung higher in premarket trade, rallying 1.6% after being down as much as 1.3% earlier, after Boeing reported adjusted earnings that missed expectations and revenue that came up a bit shy, while saying it would update its 2019 guidance at a future date. Commercial airplane earnings fell 17% to $1.17 billion, revenue dropped 9% to $11.82 billion and operating margin declined 1.0 percentage points to 9.9%, while deliveries dropped 19% to 149 airplanes. Boeing said the results include $1 billion in increased cost to produce aircraft in the 737 program. Boeing's stock has gained 4.4% over the past three months through Tuesday, while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.29% has gained 8.6%.

$ 174.73
-0.71 -0.40%
Volume: 22.86M
Aug. 13, 2020 4:00p
P/E Ratio
Dividend Yield
Market Cap
$99.03 billion
Rev. per Employee
US : Dow Jones Global
-80.12 -0.29%
Volume: 360.16M
Aug. 13, 2020 4:20p

This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.