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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 24, 2015
05:32 EDTBABoeing and BOC Aviation announce order for 22 737s
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05:27 EDTBABoeing, EVA Airways finalize commercial airplane purchase
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November 23, 2015
17:47 EDTBABoeing awarded $261.98M government contract
Boeing has been awarded a $261.98M firm-fixed-price, undefinitized contract action for delivery order to previously awarded contract FA8213-15-D-0002 for lot 19 Joint Direct Attack Munition, or JDAM, tailkits. Contractor will provide JDAM strap-on inertial guidance kits with the capability to receive guidance updates from Global Positioning Systems to increase weapon accuracy for conventional inventory bombs. Work will be performed at St. Louis, Missouri, and is expected to be complete by Nov. 20, 2017. Fiscal 2014, 2015 and 2016 ammunition funds in the amount of $13.28M are being obligated at the time of award. Air Force Life Cycle Management Center, Hill Air Force Base, Utah, is the contracting activity.
16:21 EDTBAAerojet Rocketdyne signs contract to support new era of spaceflight in U.S.
Aerojet Rocketdyne, a subsidiary of Aerojet Rocketdyne Holdings (AJRD), has signed a contract with Boeing (BA) valued at nearly $200M that supports a new era of spaceflight - one that will carry humans to the International Space Station from American soil once again. Under its Commercial Crew Transportation Capability subcontract to Boeing, Aerojet Rocketdyne is completing the design, development, qualification, certification and initial production of the Crew Space Transportation, or CST,-100 "Starliner" service module propulsion system. A CST-100 Starliner partner and team member since 2010, Aerojet Rocketdyne's work continues the development of the service module and launch abort propulsion system from prior commercial crew contracts with Boeing.
November 22, 2015
18:29 EDTBADelta CEO says Boeing offered used 777s for $10M, Bloomberg reports
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November 17, 2015
07:44 EDTBAInterest rate increases usually a bullish signal for Boeing, says Canaccord
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November 16, 2015
19:40 EDTBALockheed Martin-Boeing JV won't bid for next U.S. satellite launch, Reuters says
Lockheed Martin (LMT) and Boeing's (BA) joint venture won't bid for the next U.S. GPS satellite launch due to the structure of the competition and because the venture didn't have engines for its Atlas 5 rocket. Reference Link
13:17 EDTBABoeing forecasts $350B market for new airplanes in Latin America
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12:02 EDTBABoeing Business Jets announces four new BBJ MAX 8 orders
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