Boeing Co. reported on Wednesday its second-quarter earnings results, revealing a better-than-expected revenue which annually surged 44% to $17 billion. The American planemaker reported net earnings of $567 million, with earnings per share of $1.00. “We continued to make important progress in the second quarter as we focus on driving stability across our operations and transforming our business for the future… As we continue to position for a robust recovery, we remain committed to safety and quality, while investing in our people, products and technology,” CEO David Calhoun commented in the report. As Boeing posted its first quarterly profit since the third trimester of 2019, the company’s shares jumped more than 3% in premarket trading.
Pfizer Q2 revenue soars 92% to $19 billion
American pharmaceutical company Pfizer Inc. announced on Wednesday its revenue in the second quarter of 2021 surged 92% on the year to $19 billion, exceeding analyst expectations. Earnings per share in the three-month period jumped 58% to $0.98 on net income of $5.6 billion, Pfizer said. The drugmaker also raised its full-year guidance and now expects revenues generated by its coronavirus vaccine to increase to $33.5 billion in 2021. “Looking forward, we remain highly confident in our ability to achieve at least a 6% compound annual growth rate through 2025 and intend to build upon our recent successes by continuing to follow the science, trust in our people and remain focused on delivering breakthroughs for the patients we serve,” Chairman and Chief Executive Officer Albert Bourla said of the company’s performance this past quarter. Pfizer was up 0.71% to $42.40 per share in premarket trading following the update. The company’s shares are up over 14% since the beginning of the year.
McDonald’s: Q2 revenue at $5.89B, up 57% YoY
McDonald’s Corporation revealed on Wednesday that its revenues in the second quarter of fiscal 2021 reached $5.89 billion, 57% higher than in the same timespan in 2020. Operating income jumped from $961.1 million to $2.7 billion in the quarter that ended on June 30, 2021, while net income surged to $2.2 billion from $483.8 million recorded in the second trimester of the previous fiscal year. Diluted earnings per share reached $2.95 in the second three-month period in 2021, compared to $0.65 from the corresponding timeframe a year ago. “Our performance is a continued demonstration of the broad-based strength and resiliency of our business as global comp[arable] sales in the second quarter increased nearly 7% over 2019,” President and CEO Chris Kempczinski said in the press release. The company’s shares were flat in premarket trade following the release of the report.