Boeing posted a fourth-quarter loss of $3.8 billion on Tuesday as a machinists strike and other problems continued to plague the troubled aircraft manufacturer.
But Boeing is far down the leaderboard of the longest streaks of red ink in the S&P 500. The industrial parts and repair company DEX lost money for 18 years in a row before turning profitable in 2019. SBA Communications and LiveNation are tied for second with 17-year runs of red ink that are thankfully over.
Boeing has a healthy level of inventory and is optimistic heading into 2025 after resuming commercial aircraft production in December following a machinists' strike. The aircraft maker, which finalized a labor deal with workers early in November,
Boeing posted weaker-than-expected Q4 2024 earnings as labor strikes and defense program charges weighed heavily on its results.
Boeing said it expects a fourth-quarter GAAP loss of $5.46 a share, well above the $1.55-a-share loss that Wall Street forecast.
U.S. planemaker Boeing posted a loss of $3.8 billion in the fourth quarter, it said on Tuesday as a machinists strike and other problems continued
Overall, Wall Street remains mostly bullish on Boeing's stock. Of the 33 analysts surveyed by FactSet, 18 are bullish (55%), 13 are neutral and only two are bearish. The stock has rallied 15.3% ...
Led by positive growth for shares of Boeing and Salesforce, the Dow Jones Industrial Average is up Tuesday morning.
Shares of NVIDIA Corp. and Boeing are trading lower Wednesday afternoon, sending the Dow Jones Industrial Average into negative territory. Shares of NVIDIA Corp. and Boeing are contributing to the index's intraday decline,
Boeing posted a fourth-quarter loss of 3.8 billion US dollars (£3.05 billion) on Tuesday as a machinists’ strike and other problems continued to plague the troubled aircraft manufacturer. Boeing has lost more than 35 billion dollars (£28 billion) since 2019 following the crashes of two then-new Max jets that killed 346 people.
On Tuesday, the company reported losses of almost $4 billion in the fourth quarter. Since 2019, Boeing has reportedly bled more than $35 billion as a result of two deadly 737 Max crashes, and then the machinist's strike last fall.