Boeing (BA) earnings Q3 2022


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Boeing reported a $3.3 billion quarterly loss Wednesday as problems in its defense unit countered strides in its commercial aircraft business.

The manufacturer, however, generated nearly $3 billion in free cash flow in the three months ended Sept. 30, up from outflows of $507 million a year earlier. Boeing reiterated its forecast to achieve positive free cash flow for the year.

Here’s how Boeing performed in the third quarter compared with analysts’ estimates complied by Refinitiv:

  • Adjusted loss per share: $6.18 vs. expected earnings per share of 7 cents.
  • Revenue: $15.96 billion vs. $17.76 billion expected.

The company’s shares were up more than 1% in early trading.

Boeing reported losses of…

Source cnbc.com

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