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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
