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Boeing warns of $5.4b loss in Q4, nearly triple market expectations
The Straits Times
|January 25, 2025
Boeing warned on Jan 23 that it was expecting a fourth-quarter 2023 loss of about US$4 billion (S$5.4 billion) to close a year marred by a production quality crisis, stricter regulatory scrutiny, supply chain delays and a crippling strike by US West Coast factory workers.
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The loss would be nearly triple the size expected by Wall Street. Boeing, which will release its results next week, attributed it to charges at its defence and commercial units, lower jetliner deliveries and the strike's effects.
The company forecast a quarterly loss of US$5.46 per share, which equates to about US$4 billion, sharply steeper than analysts' average expectation of a US$1.84 per share loss, according to LSEG data.
Boeing shares fell 3.5 per cent in after-hours trading on Jan 23 as the company projected quarterly revenue of US$15.2 billion, below expectations of US$16.27 billion.
Dit verhaal komt uit de January 25, 2025-editie van The Straits Times.
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