India, July 29 -- Aerospace and defense major Boeing Co. (BA) reported Tuesday sharply narrower net loss in its second quarter, as revenues were benefited mainly by strong growth in commercial deliveries. Core loss per share was narrower than expected by analysts, and revenues beat the Street view.
In the pre-market activity, Boeing shares were gaining around 2.4 percent to trade at $242.01.
In the second quarter, net loss was $612 million, compared to loss of $1.44 billion last year. Loss per share $0.92 compared to loss of $2.33 last year.
Core loss per share was $1.24, compared to loss of $2.90 a year ago.
The Wall Street analysts on average expect the company to report loss of $1.31 per share. Analysts' estimates typically exclude s...