Boeing Reports Larger-Than-Expected Third-Quarter Loss as Production Challenges Weigh
Supply-chain challenges and commercial-airplane production delays overshadowed stronger margins elsewhere at Boeing.
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12:23:22 PM UTC
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CHICAGO (dpa-AFX) - Aerospace and defense major Boeing Co. (BA) reported Tuesday significantly narrower net loss in its third quarter, with lower expenses and growth in revenues.In the quarter, net loss was $116 million or $0.26 per share, compared to prior year's loss of $5.339 billion or $7.14 pe…
By Dan CatchpoleBoeing NYSE:BA posted a bigger third-quarter loss than expected on Tuesday, as supply-chain challenges and production delays in its commercial airplane division overshadowed bigger margins across the rest of the company.The planemaker continued its long turnaround during the quarter…