Jim Cramer: Boeing Turnaround Is Possible in 2021

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Boeing reported earnings. 

TheStreet's Martin Baccardax noted that Boeing (BA) - Get Report said its adjusted core loss for the three months ending in March was pegged at $1.53 per share, down from a profit of $1.70 per share over the same period last year and well away from the Street consensus forecast of $1.16 per share. Group revenues, Boeing said, fell 10.6% from last year to $15.2 billion, just ahead of analysts' forecasts of a $15.1 billion tally.

"I am proud of the progress our global team made across our business in the first quarter as we continued to transform our enterprise, strengthen our safety processes, and sustain critical investments for our future," said CEO Dave Calhoun. "While the global pandemic continues to challenge the overall market environment, we view 2021 as a key inflection point for our industry as vaccine distribution accelerates and we work together across government and industry to help enable a robust recovery."

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