Reported about 8 hours ago
Boeing posted a stronger-than-expected Q3 revenue of $23.27 billion, surpassing estimates while improving its cash flow burn rate under CEO Kelly Ortberg's turnaround strategy. Despite an adjusted loss per share of $7.47, attributed to a delay in the 777X program, the company reported significant improvements in cash flow and delivers 160 jets in the quarter. Challenges remain, particularly with a strike in its defense sector and the ongoing production delays of the 777X.
Source: YAHOO