Boeing’s stock price is following the trajectory of its planes.

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Reuters Boeing warns of bigger-than-expected $4 billion quarterly loss

  • Q4 loss forecast of $5.46 a share nearly triple market expectations

  • Shares fall 3.5% in after-hours trading after announcement

  • Boeing lost nearly $8 billion in first nine months of 2024

SEATTLE, Jan 23 (Reuters) – Boeing (BA.N), opens new tab warned on Thursday that it expected a fourth-quarter loss of about $4 billion to close a year marred by a production quality crisis, stricter regulatory scrutiny, supply chain delays and a crippling strike by U.S. West Coast factory workers.
The loss would be nearly triple the size expected by Wall Street. Boeing, which will release its results next week, attributed it to charges at its defense and commercial units, lower jetliner deliveries and the strike’s effects.
The company forecast a quarterly loss of $5.46 per share, which equates to about $4 billion, sharply steeper than analysts’ average expectation of a $1.84 per share loss, according to LSEG data.

 

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