Little late, cry about it. Boeing reported Q4 earnings today and the results are fairly mixed. On the earnings side, Boeing beat the street’s estimates of where they would be at this point.
I cannot stand when companies report non-GAAP numbers. Yea the number looks slightly better but you pulled the math out of your ass.
Boeing’s outlook for 2016 was meager and the street isn’t having it.
The company is anticipating its 2016 adjusted profit to land within a range of $8.15 to $8.35/share on rev somewhere $93 billion and $95 billion. Analysts however are are looking else where..somewhere around the profit range of $9.41 per share on revenue of $97.26 billion. So yea….not great outlook champ.
Boeing $BA was down 9.50% + in today’s trading session.
Lockheed Martin $LMT is also down so far on the day as much as .40%
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