Boeing posts quarterly loss, but stock surges as aircraft deliveries drive up cash
Publishing timestamp: 2023-07-26 11:31:41
Summary
Boeing posted a narrower loss and bigger sales than expected, driven by commercial aircraft deliveries. The company generated $2.6 billion of free cash flow in the quarter, ahead of analyst forecasts. However, losses in its defense and space businesses led to a net loss for the quarter. Boeing's shares surged nearly 9% after the results were announced.
Sentiment: MIXED
Tickers: BA,
Keywords: business news, airlines, earnings, transportation, travel, dividends, life, aerospace and defense industry, business, boeing co, breaking news: markets, breaking news: business, markets,
Source: https://www.cnbc.com/2023/07/26/boeing-ba-q2-2023-earnings.html