Boeing income are out – listed here are the numbers
Grounded Boeing 737 MAX aircraft are seen on an aerial view parked at Boeing Field in Seattle, Washington on July 1, 2019.
Lindsey Wasson | Reuters
Boeing reported third quarter results ahead of market opening on Wednesday.
Here are the numbers:
- Loss: $ 1.39 per share versus $ 2.52 per share expected based on consensus estimates by Refinitive
- Revenue: Expected $ 14.1 billion versus $ 13.9 billion
According to FactSet, Boeing should also report negative free cash flow of $ 5.4 billion, slightly less than the negative $ 5.6 billion from the previous quarter.
The impact of the pandemic on air travel demand, which is still not halfway through last year, has exacerbated Boeing’s crisis due to two fatal 737 Max crashes. The regulators are at the end of their review of the aircraft but have not yet approved them. This prevents Boeing from delivering them to customers, thereby affecting cash flow.
Boeing executives will announce their findings in detail by calling 10:30 am ET.
This story evolves. Please try again.