Boeing Earnings, Revenue Miss in Q2

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Boeing announced earnings per share of $-0.37 on revenue of $16.68B. Analysts polled by anticipated EPS of $-0.1256 on revenue of $17.54B.

Boeing shares are down 22% from the beginning of the year, still down 35.34% from its 52 week high of $241.15 set on August 12, 2021. They are under-performing the Dow Jones which is down 12.59% from the start of the year.

Boeing shares gained 3.90% in pre-market trade following the report.

Boeing’s report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $3.29 on revenue of $24.77B, compared to forecasts EPS of $3.16 on revenue of $24.65B.

Union Pacific had beat expectations on July 21 with second quarter EPS of $2.93 on revenue of $6.27B, compared to forecast for EPS of $2.84 on revenue of $6.12B.

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