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  • 5 months ago
Boeing stock fell 4.4% Tuesday after second-quarter earnings showed a narrower loss than expected and rising jet deliveries, according to Barron's. Boeing reported a $1.24 per-share loss on $22.7 billion in revenue, beating forecasts of a $1.40 loss on $21.7 billion. Boeing delivered 150 jets, up from 92 last year, and aims to increase 737 MAX output with FAA approval. Melius Research analyst Scott Mikus said Boeing’s turnaround is accelerating as free cash burn dropped to $200 million, down sharply from previous quarters. He expects free cash flow to turn positive in the fourth quarter and improve further in 2026, maintaining a Buy rating with a $264 price target. Analysts noted meaningful progress, but say work remains. Boeing has not posted a full-year profit since 2018.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Boeing's stock fell 4.4% Tuesday after second quarter earnings showed a narrower loss than
00:06expected in rising jet deliveries, according to Barron's. Boeing reported a $1.24 per share
00:11loss on $22.7 billion in revenue, meeting forecasts of a $1.40 loss on $21.7 billion.
00:19Boeing delivered 150 jets, up from 92 last year, and aims to increase 737 max output
00:24with FAA approval. Melius Research Analyst Scott Mikas said Boeing's turnaround
00:28is accelerating his free cash flow drop to $200 million, down sharply from previous quarters.
00:34He expects free cash flow to turn positive in the fourth quarter and improve further in
00:382026, maintaining a buy rating with a $264 price target. Analysts noted meaningful progress,
00:44but say work remains. Boeing has now posted a full year profit since 2018.
00:48For all things money, visit Benzinga.com.
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