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Stock Market & Financial Investment News

News Breaks
January 29, 2013
12:19 EDTBAEarnings Preview: Boeing sentiment mixed ahead of Q4 earnings report
The Boeing Company (BA) is expected to report Q4 earnings on Wednesday, January 30 before the market open with a conference call scheduled for 10:30 am ET. Boeing is a diversified aerospace company... EXPECTATIONS: Analysts are looking for EPS of $1.19 on revenue of $22.36B, according to First Call. The consensus range for EPS is $1.02-$1.28 on revenue of $21.14B-$23.17B... LAST QUARTER: Boeing reported Q3 EPS of $1.35 against estimates for $1.12 on revenue of $20.01B against estimates for $20.03B. On its Q3 earnings report, the company raised its FY12 EPS and revenue guidance. The FY12 EPS view was raised to $4.80-$4.95 from $4.40-$4.60, consensus $4.73. The FY12 revenue forecast was increased to $80.5B-$82B from $79.5B-$81.5B, consensus $80.65B. FY12 cash flow was also seen greater than $5.5B, up from prior guidance of greater than $5B. On the company’s Q3 conference call, management said passenger traffic "remained resilient," and a "dramatic replacement cycle for commercial planes" was being witnessed. Overall, the company said the defense markets were expected to trend with the threat of budget cuts... STREET RESEARCH: Street research has been mixed in the weeks leading up to Boeing’s Q4 earnings report. The recent weakness in the shares was seen as a buying opportunity by several firms including Sterne Agee, Wells Fargo, and Argus. Conversely, Boeing was downgraded by BB&T and Goldman Sachs on January 8 and January 16, respectively. Regarding the recent grounding of 787 Dreamliner, the worst case scenario was seen as a $5B write off, according to Howard Rubel, a Jefferies & Co. analyst... PRICE ACTION: Boeing’s shares have traded in a choppy pattern since Q3’s results were released in late October, and currently sit at approximately the same level as they did three months ago. In early afternoon trading ahead of Wednesday's Q4 report, Boeing’s shares are down about 0.70%.
News For BA From The Last 14 Days
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November 26, 2014
10:55 EDTBABoeing reports two new orders in weekly update
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November 25, 2014
05:19 EDTBABoeing delivers first direct purchase 737-700 to Ruili Airlines
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November 24, 2014
09:19 EDTBADefense Secretary Hagel said to be stepping down, NY Times reports
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November 20, 2014
19:31 EDTBABoeing has no plans for long-range 737 MAX, Reuters reports
Boeing has no plans to extend the range of its upcoming 737 MAX 9 jetliner after Airbus Group's announcement that it will offer a long-range version of its competing A321 aircraft, according to Reuters, citing a senior Boeing executive. Reference Link
15:35 EDTBADelta Air Lines confirms order for 25 Airbus A350-900, 25 A330neo aircraft
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13:50 EDTBABoeing confirms Kuwait Airways intent to purchase 10 777-300ERs
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07:44 EDTBADelta near deal for 50 Airbus wide-body jets, Bloomberg reports
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November 19, 2014
17:13 EDTBABoeing awarded $194.78M government contract modification
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November 17, 2014
05:12 EDTBABoeing signs agreement with Toray Industries for 777X wing composites
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November 13, 2014
12:52 EDTBABoeing reports 90 new orders since last update
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07:12 EDTBAOracle to hold a meeting
2014 OAGi Plenary Meeting is being held in Redwood City, California on November 13-14.

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