Boeing Posts $116 Million Q3 Loss, Misses Analyst Estimates on Earnings and Revenue

Boeing Co. (BA) reported a third-quarter loss of $116 million on Tuesday, missing Wall Street expectations as both earnings and revenue fell short of analyst forecasts. The Arlington, Virginia-based airplane builder recorded a loss of 26 cents per share, or 34 cents per share when adjusted for non-recurring gains. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share. Revenue totaled $24.19 billion for the period, below the $24.28 billion forecast by seven Zacks-surveyed analysts. Boeing shares have declined 13% since the start of the year, while the S&P 500 has gained 12%. The stock is down 15% over the past 12 months.