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Boeing's fourth quarter revenue fell short of Analyst expectations due to a two-month strike impact.
Boeing's fourth-quarter revenue fell short of Analyst estimates, with a two-month-long strike causing most of its commercial aircraft production to halt, affecting new aircraft deliveries as well. According to preliminary Earnings Reports data, Boeing reported revenue of $15.2 billion for the last quarter, lower than Wall Street's estimate of $16.76 billion. Boeing stated that, following generally accepted accounting principles, it incurred a loss of $5.46 per share. The company will release complete quarterly Earnings Reports next Tuesday. Boeing's commercial airplane division will record accounting expenses of $1.1 billion for its 767 and delayed deliveries of the 777X wide-body aircraft, part of which is related to the strike. The company indicated that there is another 1
