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0.00572687224669609 0.0062114537444935 0.0110132158590308 0.0116740088105727 0.00977973568281938 -0.0154185022026432 -0.00770925110132159 -0.00308370044052858
Stock impact report

Boeing posts smaller-than-expected quarterly loss as recovery gains traction [BNN Bloomberg (Canada)]

Boeing Company (The) (BA) 
Last boeing company (the) earnings: 4/29 07:30 am Check Earnings Report
Company Research Source: BNN Bloomberg
The company posted a US$7 million net loss for the quarter, smaller than a US$31 million loss during the same period 12 months ago. The core loss per share of 20 cents was far lower than the 83 cents per share average loss expected by analysts, according to LSEG data. Boeing shares rose 3 per cent in premarket trading. “We're off to a good start and continue building on our momentum with stronger performance across our business,” Boeing CEO Kelly Ortberg said in a memo to employees after the results were released. “Working together, we're making strides to strengthen our culture and restore trust with our customers while growing our record backlog to nearly US$700 billion,” he said. Boeing burned through US$1.5 billion of cash in the quarter, due in large part to significant spending to expand capabilities for 787 production in South Carolina and military jet production in the St. Louis area, as well as opening a 737 MAX production line in Everett, Washington. The company p Show less Read more
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