00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Boeing narrowed its third quarter loss as defense sales rose,
00:07although CEO Kelly Ortberg said the manufacturer has more work to do,
00:11according to CNBC. The company reported an adjusted loss of $0.34 per share and revenue
00:16of $24.19 billion, up 4% year-over-year. Analysts expected a loss of $0.21 per share
00:23and revenue of $23.84 billion. Boeing's net loss narrowed to $116 million from $5.34 billion a
00:33year earlier. Defense revenue climbed 15% to $7.94 billion, while commercial aircraft revenue fell
00:413% to $10.72 billion. Boeing delivered 161 commercial airplanes during the quarter.
00:48The company is producing about 47 737 MAX aircraft monthly and expects to increase output next
00:56year. For all things money, visit Benzinga.com.
