ALK - Boeing Suspends Outlook After Q4 Results Says Plug Issue 'Completely Under Control' | Benzinga
Boeing Co (NYSE:BA) shares are rising following the company’s fourth-quarter 2023 results. CEO Dave Calhoun underscored a firm commitment to improving quality and acknowledged the significant contributions of insights from employees working on the 737 line.
The company reported a fourth-quarter revenue increase of 10% year-over-year to $22.02 billion, beating the consensus of $21.10 billion. Revenue increase reflects 157 commercial deliveries in the quarter.
Adjusted loss per share contracted to $(0.47) from $(1.75) in same quarter 2022, beating the consensus of $(0.78).
Related: Boeing’s Path Forward: Q4 Earnings Could Shed Light On AI Integration, Production Targets
BA recorded adjusted operating income of $90 million for the quarter, compared to loss of $642 million a year ago. Operating margin was 0.4%.
Commercial Airplanes revenue increased by 13% Y/Y to $10.48 billion, and deliveries rose by 3%. During the quarter, Commercial Airplanes booked 611 net orders, and the backlog included over 5,600 ...