Boeing on Wednesday reported a quarterly loss of more than $3 billion quarterly loss compared with a $132 million loss a year earlier. Sales in the quarter were $15.96 billion missing analysts $17.76 billion forecast. Boeing’s defense business continued to be weighed down with losses of $2.8 billion on programs including the KC-46 tanker and Air Force One. $BA said it had positive operating cash flow in the third quarter. It reiterated the target of generating surplus cash for the … Continue reading “Boeing Loss Widens Analysts Miss Big Revenue Drop”
Boeing Profit Lower as Charges Mount in Military and Space Unit
Boeing on Wednesday reported a profit of $160 million, down from $567 million, or $1, during the same period a year earlier. Sales in the quarter fell 2% to $16.7 billion, missing analysts $17.6 billion forecast. BA said it had positive operating cash flow in the second quarter. It reiterated the target of generating surplus cash for the full year. Boeing’s defense business continued to be weighed down by around $400 million in charges during the quarter. BA continues to … Continue reading “Boeing Profit Lower as Charges Mount in Military and Space Unit”
Boeing Stock Crashes on Coronavirus Travel Ban, Ratings Cut
Boeing corp stock fell a further 25% after downgrades from S&P and Firch as the Coronavirus paralysed air travel. $BA had untill last month largely dodged a bullet with it’s Boeing 737 Max fallout.
Boeing Earnings Outlook Beat, What’s Next For $BA ?
Boeing $BA reported second quarter earnings, beating expectations and raising guidance before the market open Wednesday. Boeing is the best performing Dow stock in 2017 and has benefited more than most from the Trump Administration.