Boeing’s stock rose after the company said it may be streamlining its business, which could include the selling of some assets in the coming months or year.
But Boeing is far down the leaderboard of the longest streaks of red ink in the S&P 500. The industrial parts and repair company DEX lost money for 18 years in a row before turning profitable in 2019. SBA Communications and LiveNation are tied for second with 17-year runs of red ink that are thankfully over.
Airplane maker’s whopping losses for the fourth quarter and full year illustrate the urgency for the company, which has about 3,000 employees in San Antonio.
Boeing posted a fourth-quarter loss of 3.8 billion US dollars (£3.05 billion) on Tuesday as a machinists’ strike and other problems continued to plague the troubled aircraft manufacturer. Boeing has lost more than 35 billion dollars (£28 billion) since 2019 following the crashes of two then-new Max jets that killed 346 people.
Boeing said it expects a fourth-quarter GAAP loss of $5.46 a share, well above the $1.55-a-share loss that Wall Street forecast.
Overall, Wall Street remains mostly bullish on Boeing's stock. Of the 33 analysts surveyed by FactSet, 18 are bullish (55%), 13 are neutral and only two are bearish. The stock has rallied 15.3% ...
Led by positive growth for shares of Boeing and Salesforce, the Dow Jones Industrial Average is up Tuesday morning.
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Aerospace and defense giant Boeing (NYSE:BA) reported disappointing fourth-quarter and full-year results for 2024 on Tuesday, Jan. 28. The company recorded a challenging quarter,
Tuesday's Forbes Daily covers Chinese AI DeepSeek's impact on stock market, Boeing's earnings woes, Trump's military orders, Super Bowl ticket and party prices, and more.
Shares of Salesforce and Boeing are seeing strong returns Tuesday morning, lifting the Dow Jones Industrial Average into positive territory.