tiprankstipranks
Boeing Shares (NYSE:BA) Plunge on Q3 Revenue Miss
Market News

Boeing Shares (NYSE:BA) Plunge on Q3 Revenue Miss

Boeing (NYSE:BA) shares are trading lower today after the company delivered top-line growth for the third quarter. Revenue increased 4.5% over the prior year to $15.96 billion. However, the figure fell short of estimates by roughly $1.95 billion.

Pick the best stocks and maximize your portfolio:

Net loss per share came in at $6.18 owing to losses on fixed-price defense development programs.

The company resumed 787 deliveries and delivered nine airplanes during the quarter. The total backlog stood at $381 billion at the end of the period.

Read full Disclosure

Go Ad-Free with Our App