Why is Boeing restating its 2008 EPS?

Boeing is restating its 2008 earnings-per-share (EPS) because of two subsequent events that occurred and have been incorporated into the fourth-quarter 2008 financial results. This led to a minor downward adjustment of four cents per share compared to the initial report.

What is the financial impact of this EPS adjustment?

The financial impact is a reduction of four cents in the reported earnings per share for both the fourth quarter and the full year of 2008. This is a relatively small adjustment.

Where can I find more details about this EPS revision?

More details about the EPS revision can be found in the press release dated February 9, 2009, which is attached as Exhibit 99.1 to this Form 8-K filing.

Is this a significant event for Boeing investors?

While the EPS adjustment itself is minor (four cents), any restatement of financial results can be a point of concern for investors. It's important to understand the nature of the 'subsequent events' that led to this revision and whether they have any broader implications for Boeing's future financial performance or reporting practices.

BA/BA-PA 8-K: Earnings & Results

Summary

This 8-K filing from The Boeing Company, dated February 9, 2009, primarily serves to announce a minor adjustment to their previously reported 2008 earnings-per-share (EPS) data. The company is restating its fourth-quarter and full-year 2008 EPS to be four cents lower than initially reported on January 28, 2009. This downward revision in EPS is attributed to two subsequent events that have been accounted for in the fourth-quarter results. While the magnitude of the adjustment is small, investors should note that any restatement of financial results warrants careful review for underlying causes and potential implications for future reporting. The company has provided a press release detailing this update, which is attached as an exhibit to this filing.

Key Highlights

1Boeing announced a restatement of its 2008 earnings-per-share (EPS) data.
2The company's fourth-quarter and full-year 2008 EPS will be reported as four cents lower than previously disclosed.
3The revision is due to two subsequent events impacting the fourth-quarter 2008 results.
4The filing is an 8-K report, indicating a material event.
5A press release detailing the EPS adjustment is included as an exhibit.
6The event date is February 8, 2009, and the filing date is February 9, 2009.

BOEING CO 8-K Report, Financial Results (Feb 9, 2009)

Summary

Key Highlights

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