Reuters Boeing warns of bigger-than-expected $4 billion quarterly loss; shares drop 6 hours ago
Posted: Jan 24, 2025
- Boeing warned of a larger-than-expected $4 billion quarterly loss
- The loss forecast of $5.46 per share was nearly triple market expectations
- Boeing attributed the loss to production quality crisis, regulatory scrutiny, supply chain delays, and a strike by U.S. factory workers
- Boeing shares fell 3.5% in after-hours trading after the announcement
- Boeing lost nearly $8 billion in the first nine months of 2024
- Boeing CEO mentioned near-term challenges and steps taken to stabilize the business
- Boeing's commercial division delivered 348 jets in 2024, down from 528 the previous year
- Boeing's defense division expects $1.7 billion in pre-tax earnings charges on various development programs
- Annual loss for the year could rival 2020 when Boeing lost nearly $12 billion
What do people on Reddit think?
🚨 Reddit sentiment: negative - Most comments are critical of Boeing's management, financial losses, and production issues. Summarized comments: - Concerns about Boeing substituting quality for cost-cutting production - Criticism regarding Boeing's ongoing safety and quality issues - Reference to Boeing's continuous financial losses over the past 6 years amounting to $36B - Mention of Boeing's aircraft certification delays, creating room for Airbus - Suggestion that Boeing's survival is due to US military contracts Stock tickers discussed: $BA
Stay ahead of the market with AI stock alerts & AI summaries of the latest earnings, stock ideas for free with Fluid Bot. Sign up now!