Trending: Boeing Swings to 2Q Loss Despite 18% Revenue Boost

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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