SPR - Boeing's 737 Saga Dents Q1 Bottomline CEO Emphasizes Improving Quality & Safety | Benzinga
Boeing Co (NYSE: BA) shares are rising following the company’s first-quarter fiscal 2024 results. CEO Dave Calhoun emphasized a commitment to enhancing their quality and safety systems, aiming for a more stable future.
Boeing reported a first-quarter revenue decline of 8% year-over-year to $16.569 billion, beating the consensus of $16.227 billion. Revenue decrease reflects lower commercial deliveries and 737-9 grounding customer considerations.
Adjusted loss per share contracted to $(1.13) from $(1.27) in the same quarter of 2023, beating the consensus of $(1.76).
Boeing recorded an adjusted operating loss of $(388) million for the quarter, compared to $(440) million a year ago. Core operating margin was (2.3)%.