Trending: Boeing Swings to 2Q Loss Despite 18% Revenue Boost
July 26 2023 - 2:42PM
Dow Jones News
14:12 ET -- Boeing is one of the most mentioned companies in the
U.S. across all news items in the last 12 hours, according to
Factiva data. The aerospace giant swung to a second-quarter loss of
$149 million, or a loss of 25 cents a share, from a profit of $160
million, or 32 cents a share, in the prior-year quarter. Revenue
rose 18%, to $19.75 billion. Adjusted loss per share was 82 cents.
Boeing, which still plans to deliver up to 450 of its 737 MAX
aircraft this year and 70 to 80 of its 787 Dreamliners, plans to
boost jetliner production while reducing its debt. Boeing
reaffirmed guidance for full-year 2023 operating cash flow of $4.5
billion to $6.5 billion and adjusted free cash flow of $3 billion
to $5 billion. Dow Jones & Co. owns Factiva.
(jennifer.tershak@wsj.com)
(END) Dow Jones Newswires
July 26, 2023 14:27 ET (18:27 GMT)
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