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Company executives have been forced to talk more about safety and less about finances since a door plug blew out of a Boeing 737 Max during an Alaska Airlines flight in January.
Pre-market futures are mixed at this hour. Halfway through a week that looks determined to claw back some of the losses incurred over the previous couple weeks, the Dow is giving back -50 points, the S&P 500 is up +11 and the Nasdaq +113 points.
Boeing posted a slimmer loss per share while Thermo Fisher outperformed. Durable Goods performed as expected.
Boeing Co (NYSE:BA, ETR:BCO) shares have risen 1.5% higher on Wednesday in response to it posting a better-than-expected first-quarter loss and burning less cash than analysts had forecast. Some US$3.9 billion in cash was burnt during the three months, improving on Wall Street consensus of US$4.5 billion.
Boeing (BA) came out with a quarterly loss of $1.13 per share versus the Zacks Consensus Estimate of a loss of $1.43. This compares to loss of $1.27 per share a year ago.
Boeing's (BA) Q1 revenues of $16.57 billion miss the Zacks Consensus Estimate by 6.3%. The top line is also down 8% from the year-ago quarter's reported figure.
Ron Epstein, Bank of America Securities research analyst, joins 'Squawk Box' to break down Boeing's quarterly earnings results, questions over the company's next management team, and more.
Shares of Boeing Co. got a nice boost Wednesday, after the aerospace giant reported a narrower-than-expected first-quarter loss and revenue that beat forecasts, as strength in the defense business offset continued sharp weakness in commercial airplanes.
CNBC's Phil LeBeau joins 'Squawk Box' to report on the company's quarterly earnings results.
Boeing reported an adjusted loss per share of $1.13 and revenue of $16.57 billion in the first quarter, while burning through $3.93 billion in cash. Brooke Sutherland reports on Bloomberg Television.