2024-05-01 09:21:00 ET
Summary
- Boeing's Q1 2024 earnings beat expectations, with revenues of $16.57 billion and core earnings per share of -$1.13.
- The Commercial Airplanes segment saw a decline in deliveries and revenues due to the Boeing 737 MAX 9 crisis.
- Boeing's debt was reduced, but its net debt position increased, and the company is expecting significant cash usage in the second quarter.
- Boeing's stock price has declined, but we are seeing more clarity on pacing items and a healthier approach toward airplane assembly, providing a more compelling investment case.
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For further details see:
Is Boeing Stock A Buy Or A Sell After Earnings?