Boeing Co. (NYSE:BA), a leading aerospace and defense company, is known for manufacturing commercial jetliners and defense, space, and security systems. Despite its reputation, Boeing faces stiff competition from Airbus and is under scrutiny from regulators and customers. The company recently reported disappointing financial results, highlighting ongoing challenges in its operations.
On January 28, 2025, Boeing reported an earnings per share (EPS) of -$5.90, significantly missing the estimated EPS of -$1.60. This core earnings loss was even below the anticipated loss of $3.22 per share, as highlighted by the company's financial disclosures. Boeing's revenue for the quarter was $15.24 billion, falling short of the estimated $15.64 billion, and missing the consensus forecast of $15.6 billion.
Despite these setbacks, Boeing's stock experienced a notable surge, rising by 4.3% to $182.74. This marked its most significant single-day percentage gain in over a year, as highlighted by Schaeffer's top picks for 2025. The stock's recent performance is helping to reduce its 10.5% year-over-year deficit and has reached its highest level since August.
Boeing's financial challenges are further emphasized by its annual loss of $11.8 billion, the largest since 2020. This loss is attributed to ongoing issues within its commercial and defense units, as well as a major strike by factory workers on the US west coast. Despite these challenges, Boeing's shares saw a slight increase of 0.5% in pre-market trading.
CEO Kelly Ortberg, who took over in August, is tasked with steering Boeing through these turbulent times. The company is focusing on operational stabilization and quality enhancement as key priorities. Boeing is also working to expedite the delivery of two Air Force One aircraft and gradually increase the production and deliveries of its 737 aircraft.
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