NEW YORK (TheStreet) -- Shares of Boeing (BA) are falling by 6.21% to $120.06 in pre-market trading on Wednesday, as the company beat 2015 fourth quarter estimates, but provided disappointing guidance for this year.
Before the market open, the Seattle-based aerospace company reported earnings of $1.60 per share, which topped analysts' expectations for earnings of $1.28 per share.
Revenue dropped by about 4% to $23.6 billion, higher than analysts' expectations of $23.5 billion.
Excluding items, Boeing expects 2016 earnings to be between $8.15 and $8.35 per share. Analysts had projected $9.43 per share. The company expects 2016 revenue between $93 billion and $95 billion, compared to analysts' estimates of $97.1 billion.
Boeing delivered 762 planes in 2015, higher than its target of 755 to 760 planes.
The company anticipates commercial deliveries to drop between 740 to 745 for 2016.
"Our priorities for 2016 and beyond are to build on our existing strengths to deliver on current plans and commitments, and to stretch beyond them by accelerating progress on key enterprise growth and productivity initiatives, investing in our team, and creating more value and opportunity for our customers, shareholders and employees," President and CEO Dennis Muilenburg said in a statement.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B+.
The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, growth in earnings per share and increase in net income.
The team feels its strengths outweigh the fact that the company has had generally high debt management risk by most measures that were evaluated.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: BA