• Wed. Sep 28th, 2022

Boeing stock jumps nearly 8% after maker’s commercial-jet deliveries rise more than 50% in Q2

Byanna

Jul 12, 2022 ,
Boeing stock jumps nearly 8% after maker's commercial-jet deliveries rise more than 50% in Q2


Boeing Co.
BA,
+8.13%

said Tuesday it delivered 121 commercial aircraft in the second quarter, 53% more than the 79 commercial jets it delivered in the second quarter of 2021. Year-to-date, the aerospace and defense company has delivered 216 planes, compared with 156 in the first half of 2021. Boeing is expected to report second-quarter earnings on July 27, with analysts polled by FactSet expecting it to narrow its adjusted loss to 7 cents a share on sales of $17.5 billion. That would compare with an adjusted loss of 60 cents a share on sales of $17 billion in the second quarter of 2021. Boeing stock rallied nearly 8% in midday trading Tuesday, and the shares are down 27% so far this year, compared with losses of around 19% for the S&P 500 index.
SPX,
+0.09%



Image and article originally from www.marketwatch.com. Read the original article here.