The nose cone of a Boeing 787 being displayed on the tarmac during the Paris Air Show at Le Bourget Airport, outside Paris, June 25, 2023.
Nicolas Economou | Nurphoto | Getty Images
Boeing is expected to report a smaller second-quarter loss when it reports its earnings Tuesday morning. Investors will also hear from CEO Kelly Ortberg on his outlook for the company’s return to profitability as he completes one year at the helm.
Here’s how analysts expect Boeing performed in the second quarter, according to estimates compiled by LSEG:
Loss per share: $1.48 expectedRevenue: $21.84 billion expected
The aerospace giant lost an adjusted $2.90 per share during the same quarter in 2024 and reported revenue of $16.87 billion.
Boeing has been getting better by many metrics since Ortberg, a former aerospace executive and an engineer, became CEO last August. Its airplane deliveries have improved, its production has become more stable and even once-critical airline CEOs have praised Boeing’s leadership.
The company still has challenges ahead, such as the long-delayed certification of the Boeing 737 Max 7 and the Max 10, the smallest and largest members, respectively, of the Max family, Boeing’s best-selling jet models. Its defense unit has been riddled by charges in past quarters and, as of Sunday, could face a factory worker strike after employees voted down a new labor deal.
Investors will look to Ortberg and the executive team for their outlook on further improved production, results and stability at a company that has bounded from crisis to crisis since 2018, when the first of two deadly 737 Max crashes occurred.
This is breaking news. Please check back for updates.
