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Boeing (BA) Stock Gains Ahead of Tomorrow's Q1 Earnings

NEW YORK (TheStreet) -- Boeing (BA - Get Report) stock is advancing 1.20% to $132.32 in mid-afternoon trading on Tuesday as analysts expect that the aerospace company will report a year-over-year drop in first quarter earnings before the market open on Wednesday.

Analysts have forecast that adjusted earnings will decline to $1.82 per share from $1.97 per share in the year-ago period, while revenue is expected to decline to $21.4 billion from $22.1 billion in the 2015 first quarter.

Wall Street will be looking for indications about whether Boeing's cost-cutting plans remain on pace, MarketWatch notes. Last quarter, the company exceeded $28.5 billion in...