ARLINGTON, Va. (AP) — ARLINGTON, Va. (AP) — Boeing Co. (BA) on Wednesday reported a loss of $90 million in its first quarter.

On a per-share basis, the Arlington, Virginia-based company said it had a loss of 11 cents. Losses, adjusted for non-recurring gains, came to 20 cents per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 95 cents per share.

The airplane builder posted revenue of $22.22 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $21.46 billion.

Boeing shares have increased roughly 1% since the beginning of the year, while the S&P’s 500 index has climbed 3%. The stock has climbed 38% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BA at https://www.zacks.com/ap/BA

Source