Boeing Faces $4 Billion Loss, Projects Fourth-Quarter Per-Share Loss Amid Cash Burn

Benzinga

Boeing estimates a $4 billion fourth-quarter loss amid a turbulent 2024 marked by a midair accident, a labor strike, and layoffs. Boeing anticipates a per-share loss for the fourth quarter and revenue falling below analysts' expectations. Boeing reported a significant cash burn during the quarter while raising substantial funds to strengthen its liquidity amid ongoing challenges. Boeing has remained unprofitable annually since 2018.

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00:00It's Benzinga bringing Wall Street to mainstream estimates a four billion dollar fourth quarter

00:04loss amid a turbulent twenty twenty four marked by a midair accident, a labor strike and layoffs.

00:10Boeing anticipates a per share loss for fourth quarter and revenue failing below

00:14analyst expectations. It reported significant cash burn during the quarter while raising

00:19substantial funds to strengthen its liquidity amid ongoing challenges.

00:24Boeing has remained unprofitable annually since twenty eighteen.

00:27For all things money, visit Benzinga dot com slash GSTV.

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