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ARLINGTON, Va. (AP) — ARLINGTON, Va. (AP) — Boeing Co. (BA) on Wednesday reported a loss of $37 million in its first quarter.
On a per-share basis, the Arlington, Virginia-based company said it had a loss of 16 cents. Losses, adjusted for non-recurring gains, came to 49 cents per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of $1.54 per share.
The airplane builder posted revenue of $19.5 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $19.29 billion.
Boeing shares have fallen 8% since the beginning of the year, while the S&P's 500 index has declined 10%. The stock has fallen almost 5% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BA at https://www.zacks.com/ap/BA