In the recent financial updates, CME Group Inc. (NASDAQ:CME) and Boeing (NYSE:BA) Co. have reported their third-quarter earnings for 2023. Both companies have revealed encouraging results, with CME Group beating last year's figures and Street estimates, and Boeing showing signs of financial recovery with narrowed losses.
CME Group's GAAP earnings rose from $671.1 million ($1.87/share) to $740.8 million ($2.06/share). After adjusting for special items, the company reported earnings of $807.8 million ($2.25/share), surpassing analysts' expectations of $2.22/share as compiled by Thomson Reuters (NYSE:TRI). Additionally, the company experienced an 8.9% revenue growth, increasing to $1.34 billion from last year's $1.23 billion.
On the other hand, Boeing Co ., the aerospace giant, reported reduced Q3 losses of $1.64 billion ($2.70/share), beating analysts' predictions compiled by Thomson Reuters. This indicates a financial recovery from last year's larger GAAP Q3 losses. Adjusted losses for the period, after considering special items, stood at -$1.09 billion or -$3.26 per share. Despite ongoing challenges, the company managed to achieve a significant 13.4% revenue increase to $18.10 billion from last year's $15.96 billion.
These financial results highlight the resilience of both companies amid market fluctuations and ongoing challenges in their respective industries.
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