The last quarter was far from profitable for the company as the most recent quarterly figures showed
Boeing reported a $7.02 loss per share and revenues of $14.8 billion. Analysts were initially looking for earnings per share of 29 cents and $16.7 billion in revenue. In the company's Q4 loss, a significant factor was the $3.5 billion non-cash accounting charge related to 787 manufacturing issues.
Because Boeing could deliver jets from inventory, the free cash flow was better-than-expected, amounting to $494 million. Analysts forecasted a negative cash flow of almost $1 billion in Q4 2021.
Since the beginning of the year, Boeing's stock price went up almost 1%, while USA500 dropped 9%. However, following the report, Boeing's share gained 0.33%.
Sources: barrons.com, investors.boeing.com
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