Boeing reports Q 2loss
Chicago-based company still expects full-year earnings in the range of $6.10 to $6.30 per share
Chicago: Boeing Co. on Wednesday reported a second-quarter loss of $234 million (Dh859 million), after reporting a profit in the same period a year earlier. The Chicago-based company said it had a loss of 37 cents per share. Losses, adjusted for non-recurring gains, came to 44 cents per share. The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 88 cents per share. The airplane builder posted revenue of $24.76 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $24.45 billion.
Boeing expects full-year earnings in the range of $6.10 to $6.30 per share, with revenue in the range of $93 billion to $95 billion.
