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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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July 7, 2015
08:35 EDTBABoeing estimates for Q2 raised after delivery update at Cowen
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July 6, 2015
19:17 EDTBABoeing says U.S. Ex-Im failure would be 'huge' disadvantage, Reuters reports
Speaking to reporters at a 787 Dreamliner event, Boeing's commercial airplanes president Ray Conner remarked that the loss of the U.S. Export-Import Bank would put the company at a "huge competitive disadvantage," reports Reuters. "We absolutely need [the] Ex-Im Bank to compete on a level playing field," added Conner. Reference Link
13:52 EDTBABoeing Q2 EPS estimate raised at Wells Fargo after delivery report
Wells Fargo raised its Q2 earnings forecast for Boeing to $2.11 from $2.05 per share after the company reported 197 commercial units delivered, topping the firm's 190 unit estimate, along with a mix that the firm said was richer than it expected. The firm kept its full year commercial delivery forecast unchanged at 754 planes and maintains its Outperform rating on Boeing shares.
11:35 EDTBABoeing reports 197 commercial airplane deliveries in Q2
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July 1, 2015
19:23 EDTBABoeing raises cost of commercial jets due to wages, materials, Reuters says
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07:23 EDTBAExport/Import Bank fate won't signficantly impact Boeing, says Wells Fargo
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June 30, 2015
17:28 EDTBABoeing awarded $358.94M government contract
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10:01 EDTBABoeing, Embraer to collaborate on ecoDemonstrator technology tests
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June 28, 2015
15:16 EDTBAIncoming Boeing CEO to address 'looming' China challenge, WSJ says
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13:23 EDTBABoeing shares 'will soar' under new CEO, Barron's says
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June 26, 2015
16:32 EDTBAStocks end week lower with Greece still searching for deal
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07:26 EDTBASRA International exploring sale or IPO, Reuters reports
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June 25, 2015
05:53 EDTBABoeing CEO Muilenburg prioritizes cost cutting challenges, Financial Times says
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June 24, 2015
16:57 EDTBABoeing to slow 747-8 production to one per month in March, Reuters says
Boeing will slow its production of the 747-8 jumbo jet to 1 per month beginning in March, a decrease of 23%, reports Reuters. The decision to slow production was not related to the company's CEO transition, Reuters added, citing the company. Reference Link
16:21 EDTBAOn The Fly: Top stock stories for Wednesday
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12:30 EDTBAOn The Fly: Top stock stories at midday
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07:32 EDTBANew Boeing CEO Muilenburg to inherit tough decisions, Bloomberg says
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