Boeing holds cash flow forecast after quarterly loss
Boeing Co.
$140.19
11:09 15/11/24
US aircraft maker Boeing reported a wider-than-expected second quarter loss on Wednesday but still forecast a return to positive cash flow, citing improving supply chains and its healthy order book.
Dow Jones I.A.
43,444.99
04:30 15/10/20
The company’s adjusted core loss for the three months to June 30 was 37 cents per share, down from a profit of 40 cents a year earlier. Estimates were for a loss per share of 14 cents.
Group revenues fell 1.7% year on year to $16.7bn against forecasts of $17.57 billion. However, operating cash flow turned positive at around $100m with Boeing adding the it would be cash flow positive this year.
Boeing's order backlog now totals around 4,200 commercial aircraft, the company said, with a list value of around $372bn.
Reporting by Frank Prenesti at Sharecast.com