Boeing’s stock rose after the company said it may be streamlining its business, which could include the selling of some assets in the coming months or year.
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Boeing reports $11.8 billion loss, largest since 2020
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Boeing stock rallies on plane progress despite $11.8-billion annual loss
Boeing reports the biggest annual loss since 2020
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Thank you for standing by. Good day, everyone, and welcome to The Boeing Company's fourth quarter 2024 earnings conference call. Today's call is being recorded. The management discussion and the slide presentation, plus the analyst question-and-answer session, are being broadcast live over the Internet.
11hon MSN
Boeing posted a fourth-quarter loss of $3.8 billion on Tuesday as a machinists strike and other problems continued to plague the troubled aircraft manufacturer.
In an interview with The Seattle Times after reporting grim financial results early Tuesday, Kelly Ortberg said that six months into the job, he thinks Boeing is "starting to turn the corner."
Boeing CEO Kelly Ortberg said the company was “seeing encouraging signs” as it tries to turn around following a rough 2024.
Nvidia rises following a deep selloff in artificial-intelligence stocks, General Motors posts better-than-expected adjusted earnings but the stock tumbles, and Boeing reports a fourth-quarter core loss of $5.
The Boeing Company reported a massive Q4 loss, with revenues down over 30% and losses per share significantly worse than expected. Learn more on BA stock here.
Boeing on Tuesday reported a fourth-quarter net loss in line with its recently issued preliminary results, closing out a difficult year that saw it burn through billions amid safety investigations and a strike.
But Boeing is far down the leaderboard of the longest streaks of red ink in the S&P 500. The industrial parts and repair company DEX lost money for 18 years in a row before turning profitable in 2019. SBA Communications and LiveNation are tied for second with 17-year runs of red ink that are thankfully over.
Boeing operates its defense business, which is in a separate unit from the company’s commercial plane segment, in the St. Louis area and employs about 15,000 people.
Boeing reported its full fourth-quarter results Tuesday morning. Even though the company took a lot of drama out of the release with a preannouncement on Jan. 23, there is still a lot that investors wanted to know.
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