Boeing reports Q1 results with 8 pct decrease in revenue

SAN FRANCISCO, April 27 (Xinhua) -- The Boeing Company on Wednesday reported first-quarter revenue of 14 billion U.S. dollars, an eight percent decrease from the same period of 2021, driven by lower defense volume and charges on fixed-price defense development programs, partially offset by commercial services volume.

Its Generally Accepted Accounting Principles (GAAP) loss per share of 2.06 dollars and core loss per share (non-GAAP) of 2.75 dollars also reflect 212 million dollars of pre-tax charges for impacts of the war in Ukraine, the company said.