Fitch Ratings has recently updated Boeing‘s future prospects to a ‘stable’ outlook. By March 15, 2024, they anticipate the aerospace company will deliver between 420-450 737 MAX aircraft, a decrease of around 100 units from their earlier projection. This modification in delivery estimates signifies a change in anticipated production levels for Boeing in the upcoming year.
Boeing Stock Gains 0.88% on March 15, 2024: Closing Price Higher at $181.33
On March 15, 2024, Boeing (BA) stock showed some positive momentum as it closed the day with a 0.88% increase in price. The stock opened at $181.33, which was $0.18 higher than its previous close. Throughout the trading day, BA shares saw a price increase of $1.60, bringing the closing price to a higher level.
Boeing (BA) Stock Performance and Financial Data Analysis for March 15, 2024
On March 15, 2024, Boeing (BA) stock had mixed performances based on the financial data provided by CNN Money. The total revenue for the company was $77.79 billion for the past year, with $22.02 billion in the fourth quarter. This represents a 16.8% increase in total revenue since the previous year, but total revenue held flat since the last quarter.
In terms of net income, Boeing reported a net loss of $2.22 billion for the past year, with a smaller net loss of $23.00 million in the fourth quarter. Despite the overall losses, the net income increased by 54.97% since the previous year and remained steady with a 0.0% increase since the last quarter.
Earnings per share (EPS) for Boeing were reported at -$3.67 for the past year and -$0.04 for the fourth quarter. The EPS increased by 55.78% since the previous year and remained unchanged with a 0.0% increase since the last quarter.
