The Boeing Company (NYSE:BA) reported a strong start to the year on Wednesday, with first-quarter revenue of $22.22 billion, up 14% year over year and above the $21.78 billion estimate, with shares trading higher following the results.
Earnings And Cash Flow Update
Adjusted loss per share of 20 cents came in significantly better than the expected 84-cent loss, while GAAP loss per share was 11 cents.
Core operating earnings rose 47% to $293 million, with core operating margin improving to 1.3%.
Results reflected 143 commercial deliveries and improved operational performance.
Operating cash flow came in at a negative $0.2 billion, while non-GAAP free cash flow was negative $1.5 billion.
Cash and marketable securities totaled $20.9 billion, down from $29.4 billion at the start of the quarter due to debt repayments and free cash flow usage, while total debt stood at $47.2 …