A big test for $Boeing (BA.US)$, which has been in crisis mode since before Covid-19, as the grounding of its 737 Max jet hit the company hard. And with Boeing's aircraft cancellations outpacing new orders, analysts expect the company's revenues at $12.61 billion, suggesting a decline of almost 20% from the year-ago levels.
nSimilarly, the company's projected loss of $2.93 per share suggests a decline of 200.3% from the year-ago number.
nWhat's more, Boeing reported a loss of $1.70 per share in first-quarter 2020, which deteriorated significantly from the year-ago quarter's earnings of $3.16. But despite this, Boeing is among the largest global aerospace manufacturers.