The chart below shows how BA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BA sees a -0.87% change in stock price 10 days leading up to the earnings, and a +0.66% change 10 days following the report. On the earnings day itself, the stock moves by +1.08%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Revenue Decline Analysis: Revenue was $17.8 billion, down 1%, primarily driven by lower commercial widebody deliveries, including impacts of the IAM work stoppage.
Free Cash Flow Decline: Free cash flow was a use of $2 billion in the quarter with results impacted by lower commercial widebody deliveries and unfavorable working capital timing, including impacts associated with the work stoppage.
BCA Payment Performance: Improvement versus prior expectations was driven by better-than-expected BCA advanced payments.
Quarterly Airplane Deliveries and Revenue: BCA delivered 116 airplanes in the quarter. Revenue was $7.4 billion, and operating margin was minus 54%, primarily reflecting previously announced tax charges of $3 billion on the 777X and 767 programs, the IAM work stoppage and higher period costs, including R&D.
Quarterly Backlog Overview: Backlog in the quarter ended at $428 billion and includes more than 5,400 airplanes.
Negative
Revenue Decline Analysis: Revenue was $17.8 billion, down 1%, primarily driven by lower commercial widebody deliveries, including impacts of the IAM work stoppage.
Core Loss Impact Analysis: The core loss per share was $10.44, primarily reflecting impacts from the IAM work stoppage and previously announced charges across certain commercial and defense programs.
Free Cash Flow Decline: Free cash flow was a use of $2 billion in the quarter with results impacted by lower commercial widebody deliveries and unfavorable working capital timing, including impacts associated with the work stoppage.
Revenue and Operating Margin Analysis: Revenue was $7.4 billion, and operating margin was minus 54%, primarily reflecting previously announced tax charges of $3 billion on the 777X and 767 programs, the IAM work stoppage and higher period costs, including R&D.
Quarterly Backlog Overview: The backlog in the quarter ended at $428 billion and includes more than 5,400 airplanes.
The Boeing Company (BA) Q3 2024 Earnings Call Transcript
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