Why Boeing Stock Popped 6% on Earnings
Boeing (NYSE: BA) shares powered ahead 6.3% through 11:30 a.m. ET after beating earnings on Wednesday morning.
Analysts had forecast the defense and aerospace giant would lose $0.72 per share, adjusted for one-time items, on sales of $19.5 billion. As it turned out, Boeing lost "only" $0.47 per share -- and its sales were billions ahead of expectations: $22 billion collected in Q4.
Boeing delivered 157 commercial airplanes to its customers in Q4 and recorded net orders for 611 aircraft, indicating strong prospects for future sales growth. Quarterly revenue rose 10% at the company, year over year. Operating profit margin and operating earnings flipped from negative to positive.
Source Fool.com
Boeing Co. Stock
€159.50
2.050%
Currently there is a rather positive sentiment for Boeing Co. with 30 Buy predictions and 5 Sell predictions.
With a target price of 233 € there is a positive potential of 46.08% for Boeing Co. compared to the current price of 159.5 €.
