Boeing (BA) Reports Q1 Loss of 20 Cents, Revenue Hits $22.22 Billion

AI Summary

Boeing (BA) reported a narrower net loss of $7 million, or 11 cents per share, for Q1, down from a loss of $31 million, or 16 cents per share, a year earlier. The company's revenue reached $22.22 billion, exceeding analysts' expectations of $21.78 billion, and marking a 14% increase year-over-year. Boeing delivered 143 airplanes, a 10% increase compared to the prior year, and expects 737 Max 7 and Max 10 certifications by year-end. Despite challenges, CEO Kelly Ortberg emphasized improved performance across Boeing's operations, including a 21% revenue increase in defense.