Boeing Co (NYSE: BA) shares are trading lower by 1.4% at $239.10 after the company reported worse-than-expected first-quarter EPS results.
Boeing reported quarterly losses of $1.53 per share, which missed the analyst consensus estimate of a loss of $1.16. Boeing also reported quarterly sales of $15.22 billion, which beat the analyst consensus estimate of $15.02 billion.
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Boeing is a major aerospace and defense firm. With headquarters in Chicago, the firm operates in four segments, commercial airplanes, defense, space & security, global services, and Boeing capital.
Boeing’s commercial airplanes segment generally produces about 60% of sales and two-thirds of operating profit, and it competes with Airbus SE (PINK: EADSY) in the production of aircraft ranging from 130 seats upwards.
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