Boeing warns of bigger-than-expected $4 billion quarterly loss; shares drop
By Dan Catchpole, Allison Lampert and David Shepardson SEATTLE (Reuters) -Boeing warned on Thursday that it expected a fourth-quarter loss of about $4 billion to close a year marred by a production quality crisis,
Boeing warns investors to brace for steeper quarterly losses, lower revenue
Boeing said it expects a fourth-quarter GAAP loss of $5.46 a share, well above the $1.55-a-share loss that Wall Street forecast.
Boeing Warns of Deep Loss to Close a Difficult Year
Boeing lost roughly $4 billion in the most recent quarter, when the jet maker was hit by a debilitating strike, suffered mounting losses in troubled U.S. government projects and incurred costs tied to sweeping job cuts rolled out at the end of the year.
Boeing Warns Q4 Loss Bigger Than Expected On Costs From Labor Strike
Boeing announced Thursday that it incurred a bigger than expected fourth-quarter loss, concluding a difficult 2024 in which it struggled with a lengthy labor strike and safety problems.
Boeing reports steeper quarterly losses, lower revenue
Boeing’s preliminary quarterly results show steeper losses and lower revenue for the aerospace and defense company’s fourth quarter.
Boeing expects $4 billion loss for fourth quarter after chaotic 2024
Boeing outlined expects results and charges across its business in preliminary fourth-quarter results. Boeing hasn't posted an annual profit since 2018. The company expects to take a $1.1 billion on its 777X and 767 programs because of the strike and labor agreement.
Boeing Stock Drops as Q4 Loss Widens Beyond Expectations
Boeing Co. (NYSE:BA) saw a 1% decline in after-hours trading Thursday after releasing its preliminary fourth-quarter results, which revealed a deeper-than-expected loss. The airplane manufacturer cited challenges
Boeing expects Q4 losses due to strikes, program charges
The company's preliminary financial results are based on management estimates and are subject to finalization upon completion of quarter-end financial and accounting procedures. The information disclosed in this article is based on a press release statement from Boeing,
Boeing took nearly $3 billion hit in Q4 related to strike, layoffs and troubled government programs
Boeing Co. said it incurred nearly $3 billion worth of charges in the fourth quarter of 2024 due to a lengthy labor stoppage, job cuts and problems with a number of government programs ...
Hosted on MSN1d
Boeing Stock Pre-Q4 Earnings: Should You Buy Now or Wait?
The Boeing Company BA is scheduled to release fourth-quarter 2024 results on Jan. 28, 2025, before market open. Stay ...
Yahoo Finance2d
The Boeing Company (BA)
Boeing's engineering union is formally investigating claims from its members that the company is moving work to non-union locations in the United States and overseas. The Society of Professional ...
Jefferies Reaffirms Their Buy Rating on Boeing (BA)
In a report released today, Chloe Lemaire from Jefferies maintained a Buy rating on Boeing (BA – Research Report), with a price target of ...
Barron's10d
Boeing 2024 Plane Deliveries Tumble On Labor, Safety Woes
Ortberg in October pointed to commercial planes and defense as "core" products that "will always stay with the Boeing company." Investors would welcome efforts to simplify Boeing's mission ...
Times Union9d
Boeing's aircraft deliveries and orders in 2024 reflect the company's rough year
Boeing said it supplied 348 jetliners during the year. That was more than a third fewer than the 528 the company finished for airlines and leasing outfits in 2023 and less than half the number of ...
Boeing (BA) Receives a Buy from TD Cowen
TD Cowen analyst Gautam Khanna reiterated a Buy rating on Boeing (BA – Research Report) on January 14 and set a price target of $200.00. The ...
American Machinist9d
Boeing Jet Deliveries Sum Up a Difficult 2024
Against a manufacturing slowdown, federal oversight, and a two-month strike, the aircraft builder managed to deliver only 348 ...