Boeing (BA) Q3 Revenue Misses Consensus

Boeing (NYSE: BA) reported Q3 EPS of ($6.18), $6.36 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $16 billion versus the consensus estimate of $18.19 billion.

• Operating cash flow of $3.2 billion; continue to expect positive free cash flow for 2022
• Defense, Space & Security third-quarter revenue decreased to $5.3 billion and third-quarter operating margin decreased to (52.7) percent, primarily due to $2.8 billion of losses on certain fixed-price development programs, driven by higher estimated manufacturing and supply chain costs, as well as technical challenges. These losses were recorded on the KC-46A, VC-25B, MQ-25, T-7A and Commercial Crew programs. Results were also impacted by unfavorable performance on other programs

For earnings history and earnings-related data on Boeing (BA) click here.

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