Boeing announced a less significant third-quarter deficit due to boosted defense sales. Despite this, the company's stock dropped due to slower-than-expected manufacturing of the 737 aircraft and a less favorable forecast for free cash flow. Analysts are also worried about delays in plane deliveries. The news was shared by Reuters.
“Despite this, the company's stock dropped due to slower-than-expected manufacturing of the 737 aircraft and a less favorable forecast for free cash flow,” — Victor Fenwick, senior market analyst at Oakburn Mere Group, told our newsroom.
Timeline
Oct 28 — Boeing announced a less significant third-quarter deficit due to boosted defense sales....
Oct 29 — Analysts are also worried about delays in plane deliveries....
Reader Poll: Will this story shape the week ahead? — 67% of Kiwit readers said yes.
This story has been closely followed by our readers since Oct 28. The Oakburn Mere Group desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Sunday, Nov 1.
Editor's note: this report was prepared by the Oakburn Mere Group desk and last updated 03:22 UTC.
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