Investing.com - Boeing reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Boeing announced earnings per share of $-2.75 on revenue of $13.99B. Analysts polled by Investing.com EPS of $-0.1877 on revenue of $16.13B.
Boeing 's are down 17% and is trading at $162.48 , still down 35.36% from its 52 week high of $258.40 set on Wednesday, June 2, 2021.
Boeing shares lost 2.73% to trade at $162.48 in pre-market trade the report.
Boeing follows other major Industrials sector earnings this month
Boeing's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $3.05 on revenue of $24.38B, EPS of $2.89 on revenue of $23.82B.
Raytheon Technologies had beat expectations on Tuesday with first quarter EPS of $1.15 on revenue of $15.72B, for EPS of $1.01 on revenue of $15.88B.
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