1/25, 1:33 PM (Source: TeleTrader)
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Boeing: Q4 revenues jump 35% to $19.98B

The Boeing Company reported on Wednesday that its revenues in the fourth quarter of fiscal 2022 reached $19.98 billion after soaring 35% from the corresponding timeframe in 2021. Loss from operations plummeted from $4.2 billion to $353 million, loss per share decreased from $7.02 to $1.06 and net loss declined from $4.16 billion to $663 million in the closing trimester of 2022.

Full-year results showed that the company's revenues stood at $66.6 billion in 2022, 7% higher than in 2021. Loss from operations grew from $2.9 billion to $3.5 billion, net loss increased from $4.3 billion to $5.05 billion and loss per share reached $8.3 after rising from $7.15 recorded in 2021.

The airplane maker's stock was down 1.03% in the premarket following the release of the report.

Baha Breaking News (BBN) / MS