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4/27, 1:32 PM (Source: TeleTrader)
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Boeing's Q1 revenue down 8% to $14B

The Boeing Co. announced on Wednesday its revenue in the first quarter of 2022 dropped 8% to $14 billion, falling short of expectations of around $15.9 billion. Net loss stood at $1.2 billion, with a loss per share of $2.06, taking into account $212 million of pre-tax charges for impacts of the Ukraine conflict.

"We increased 737 MAX production and deliveries and made important progress on the 787 by submitting our certification plan to the FAA. Despite the pressures on our defense and commercial development programs, we remain on track to generate positive cash flow for 2022, and we're focused on our performance as we work through certification requirements and mature several key programs to production," CEO Dave Calhoun said.

Boeing shares were down 1.75% in premarket trade after the earnings report.

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