Boeing (BA) shares rise on 'strong demand'
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Boeing trims annual 737 delivery target citing supplier errors
October 25, 2023 7:32 AM EDTBy Abhijith Ganapavaram and Valerie Insinna
(Reuters) -Boeing on Wednesday cut its 737 delivery forecast for this year citing quality issues at supplier Spirit AeroSystems, a temporary setback for the planemaker as it looks to recover from its own set of crises.
Despite a third-quarter net loss of $1.6 billion, Boeing stuck to its goal of generating $3 billion to $5 billion in free cash flow this year.
Shares, which were down in early trade, rebounded to gain 1.7% after the earnings call.
The company was aiming to deliver 400 to 450 737 jets in 2023 but was forced to temper that goal to 375... More
Boeing (BA) Misses Q3 EPS by 3c
October 25, 2023 7:31 AM EDTBoeing (NYSE: BA) reported Q3 EPS of ($3.26), $0.03 worse than the analyst estimate of ($3.23). Revenue for the quarter came in at $18.1 billion versus the consensus estimate of $18.09 billion.
For earnings history and earnings-related data on Boeing (BA) click here.
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