Boeing reported Q2 revenue of $24.6 billion, beating estimates by $350 million, driven by a 14% rise in commercial aircraft deliveries, mainly from the 737 MAX. Despite a wider-than-expected loss per share of $0.76 due to a $280 million charge on the Air Force One replacement program, Boeing's backlog hit a record $715 billion, including over 6,200 commercial planes valued at $597 billion. Operating cash flow surged 501% to $1.4 billion, and free cash flow was positive at $0.6 billion, exceeding projections. Boeing maintained its full-year guidance for positive cash flow and expects stronger performance in the second half of the year.
RBC Capital reduced Boeing's price target to $265, suggesting a 24.76% upside from its current price despite a mixed earnings report. Boeing posted a strong free cash flow of $631 million but reported an adjusted loss of $0.76 per share, worse than e...
The FTSE 100 reached a new intraday high above 10,945, driven by strong earnings from companies like Standard Chartered, Reckitt Benckiser, and Rio Tinto, which also announced increased dividends and share buybacks. Rising oil prices, fueled by renew...
Boeing reported a surprising $631 million free cash flow in Q2 2026, beating expectations of a $177 million cash burn, which helped its stock rise nearly 5%. Despite a $0.76 per share loss, worse than the anticipated $0.30 loss due to a $280 million ...
Boeing reported solid Q2 results highlighted by a 14% year-over-year increase in commercial airplane deliveries and a production rate of 47 planes per month. The company showed positive free cash flow and improved operating margins, supported by a st...
Amazon is shifting its AI strategy by winding down most Nova models to prioritize a new frontier model led by Pieter Abbeel, with a debut expected at the re:Invent conference. Corning reported mixed guidance with Q3 revenue below expectations despite...
