Boeing forecasts big loss on defense troubles, strike; shares drop 2.6%
Boeing's loss will exceed expectations when it unveils fourth-quarter results next week, the financially strapped U.S. planemaker said on Thursday, citing charges at its defense unit, lower jetliner deliveries and losses from a crippling strike.
Boeing, Jeppesen and Bloomberg
The machinist strike and Pentagon projects have sapped the manufacturer’s cash flow.
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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.
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