Boeing shares fall nearly 11% on worst day since 2020 as 737 ramp slips into 2027
FROM THE WIRE · FINANCE.YAHOO.COM
Boeing (BA) finally gave Wall Street a quarter with more free cash flow than expected. Investors dumped the stock anyway, because the company still can't get its planes out the door fast enough. Boeing (BA) stock fell nearly 11% Tuesday, its worst day since June 2020, and closed…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe shares of a major aerospace group reacted sharply to production delays and losses in the commercial jet unit.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Boeing stock fell nearly 11% on Tuesday, its worst day since June 2020.
- 02Third-quarter revenue of about $24 billion and free cash flow of $464 million both topped estimates.
- 03The core loss of $0.34 per share was wider than the $0.21 analysts expected.
- 04The commercial jet unit lost about $700 million, roughly twice the forecast.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets