Boeing Dropped 10% Last Week

Boeing

(BA) - Get Report

lost 10% during the last five sessions thanks to the company's disappointing showing in the first quarter. Profits fell from the same period a year ago and missed estimates. Before various charges, the company earned $602 million, or 75 cents a share, in the latest quarter. Analysts were looking for earnings of 85 cents. Revenue was $13.82 billion, about even with estimates and up from $13.29 billion last year. The company earned $761 million, or 89 cents a share, last year. Boeing did leave its 2002 revenue guidance unchanged at about $54 billion. For 2003, the company expects revenue of about $52 billion.