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The American concern Boeing, one of the world's largest manufacturers of aircraft, space and military equipment, in the first quarter increased its net profit in annual terms by 57%, or 1.6 times, to $2 billion 480 million. Adjusted earnings were 3 dollars 64 cents per share, and the analysts had forecast 2 dollars 58 cents per share. Quarterly revenues amounted to 23 billion 386 million dollars compared to 21 billion 960 million dollars a year earlier. Analysts had expected the figure at the level of 22 billion 280 million dollars. Aircraft shipments for the fiscal period increased by 9% to 184 units. The Boeing Commercial Airplanes division increased its revenue by 5%, the division that works in the defense, aerospace and security industries - by 13%. Capitalization of Boeing since the beginning of the year increased by 11.5% to 199 billion dollars.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
On Tuesday, Snap Inc.’s (SNAP.N) stock price declined by more than 11% in after-hours trading as investors digested the company’s user and revenue growth after its second-quarter earnings report. The social media company reported ...
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