The Boeing Company (NYSE: BA) on Wednesday announced financial results for the second quarter of 2023, reporting a wider net loss, on an adjusted basis. Revenues grew 18%.
Core loss, adjusted for special items, widened to $0.82 per share in the June quarter from $0.37 per share in the year-ago quarter. On an unadjusted basis, the net loss was $149 million or $0.25 per share, compared to a profit of $160 million or $0.32 per share in the second quarter of 2022. Revenues increased 18% year-over-year to $19.75 billion.
“With demand strong, we’re steadily increasing our production rates across key programs and growing investments in our people, products, and technologies,” said Boeing’s CEO Dave Calhoun.
(this story will be updated shortly)
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