{"id":61170,"date":"2026-04-22T07:38:17","date_gmt":"2026-04-22T11:38:17","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/boeing-and-ge-vernova-lead-q1-earnings-surge-as-best-buy-names-new-ceo\/61170\/"},"modified":"2026-04-22T07:38:17","modified_gmt":"2026-04-22T11:38:17","slug":"boeing-and-ge-vernova-lead-q1-earnings-surge-as-best-buy-names-new-ceo","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/boeing-and-ge-vernova-lead-q1-earnings-surge-as-best-buy-names-new-ceo\/61170\/","title":{"rendered":"Boeing and GE Vernova Lead Q1 Earnings Surge as Best Buy Names New CEO"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Boeing (<a href=\"\/stock\/BA\">BA<\/a>)<\/strong> reported a significantly narrower-than-expected adjusted loss of <strong>$0.20 per share<\/strong> and grew its total backlog to a massive <strong>$695 billion<\/strong>.<\/li>\n<li><strong>GE Vernova (<a href=\"\/stock\/GEV\">GEV<\/a>)<\/strong> raised its full-year revenue and free cash flow guidance, fueled by <strong>$2.4 billion<\/strong> in new data center equipment orders.<\/li>\n<li><strong>AT&amp;T (<a href=\"\/stock\/T\">T<\/a>)<\/strong> outperformed subscriber estimates with <strong>294,000 postpaid phone net adds<\/strong>, driven by strong demand for advanced connectivity services.<\/li>\n<li><strong>Best Buy (<a href=\"\/stock\/BBY\">BBY<\/a>)<\/strong> announced a leadership transition, naming <strong>Jason Bonfig<\/strong> to succeed <strong>Corie Barry<\/strong> as Chief Executive Officer.<\/li>\n<li><strong>DeepSeek<\/strong> is reportedly in talks to receive investments from Chinese tech giants <strong>Tencent<\/strong> and <strong>Alibaba<\/strong>, signaling intensifying competition in the AI sector.<\/li>\n<\/ul>\n<h2>Aerospace and Industrial Earnings Momentum<\/h2>\n<p>Boeing (<a href=\"\/stock\/BA\">BA<\/a>) shares are in focus after the company reported Q1 2026 revenue of <strong>$22.22 billion<\/strong>, surpassing analyst estimates of <em>$21.79 billion<\/em>. The aerospace giant posted an adjusted loss of <strong>$0.20 per share<\/strong>, which was much better than the anticipated loss of <em>$0.83 per share<\/em>.<\/p>\n<p>The company confirmed it expects certification for the <strong>737-7 and 737-10 models in 2026<\/strong>, with first deliveries slated for 2027. Despite a negative adjusted free cash flow of <strong>$1.45 billion<\/strong>, the figure was better than the projected <em>$2.61 billion<\/em> outflow, while the total backlog climbed to <strong>$695 billion<\/strong>.<\/p>\n<p>GE Vernova (<a href=\"\/stock\/GEV\">GEV<\/a>) delivered a robust quarterly performance, reporting earnings of <strong>$17.44 per share<\/strong> compared to just <em>$0.91<\/em> in the prior year. The company boosted its full-year revenue guidance to a range of <strong>$44.5 billion to $45.5 billion<\/strong>, citing a surge in <strong>data center equipment orders<\/strong> totaling <strong>$2.4 billion<\/strong>.<\/p>\n<h2>Telecom and Healthcare Performance<\/h2>\n<p>AT&amp;T (<a href=\"\/stock\/T\">T<\/a>) beat expectations across the board, reporting adjusted EPS of <strong>$0.57<\/strong> on revenue of <strong>$31.5 billion<\/strong>. The company\u2019s advanced connectivity operations revenue rose <strong>4.7% to $28.5 billion<\/strong>, supported by a high attachment rate between its wireless and home internet services.<\/p>\n<p>Boston Scientific (<a href=\"\/stock\/BSX\">BSX<\/a>) reported Q1 revenue of <strong>$5.20 billion<\/strong>, edging out estimates of <em>$5.17 billion<\/em>. While the company posted a solid adjusted EPS of <strong>$0.80<\/strong>, its full-year adjusted EPS guidance of <strong>$3.34 to $3.41<\/strong> came in slightly below the analyst consensus of <em>$3.45<\/em>.<\/p>\n<h2>Corporate Leadership and Tech Investment<\/h2>\n<p>Best Buy (<a href=\"\/stock\/BBY\">BBY<\/a>) announced that <strong>Jason Bonfig<\/strong> will take the helm as CEO, succeeding <strong>Corie Barry<\/strong>. The leadership change comes as the retailer continues to navigate a shifting consumer electronics landscape and evolving physical-digital retail strategies.<\/p>\n<p>In the technology sector, <strong>Tencent<\/strong> and <strong>Alibaba<\/strong> are reportedly in discussions to invest in the AI startup <strong>DeepSeek<\/strong>. This move highlights the strategic importance of high-performance AI models for China&#39;s largest technology conglomerates.<\/p>\n<h2>Global Macro and Geopolitical Developments<\/h2>\n<p>The <strong>Central Bank of Turkey<\/strong> opted to hold its one-week repo rate steady at <strong>37.00%<\/strong> during its latest meeting. Meanwhile, in the U.S. housing market, <strong>MBA Mortgage Applications<\/strong> surged <strong>7.9%<\/strong> for the week ending April 17, as the 30-year mortgage rate ticked down to <strong>6.35%<\/strong>.<\/p>\n<p>On the geopolitical front, <strong>Iran\u2019s Foreign Ministry<\/strong> acknowledged an extension of the current ceasefire, though officials remained non-committal regarding a new round of talks with the U.S. in Islamabad. Tensions remain elevated in the <strong>Strait of Hormuz<\/strong>, with Iraqi officials attributing the friction to violations of international law.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Boeing (BA) reported a significantly narrower-than-expected adjusted loss of $0.20 per share and grew its total backlog to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[5012],"tags":[383,1807,3698,3767,3791,3792,5171,5349,5467],"class_list":["post-61170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","tag-bsx","tag-earnings","tag-bby","tag-ba","tag-gev","tag-t","tag-telecommunications","tag-aerospace","tag-data-centers"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/61170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=61170"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/61170\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50383"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=61170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=61170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=61170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}