ARLINGTON, Va. (AP) — ARLINGTON, Va. (AP) — Boeing Co. (BA) on Wednesday reported a loss of $23 million in its fourth quarter.
On a per-share basis, the Arlington, Virginia-based company said it had a loss of 4 cents. Losses, adjusted for non-recurring gains, came to 47 cents per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 72 cents per share.
The airplane builder posted revenue of $22.02 billion in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $21.23 billion.
Boeing shares have fallen 23% since the beginning of the year, while the S&P's 500 index has climbed slightly more than 3%. The stock has decreased slightly more than 4% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BA at https://www.zacks.com/ap/BA