Boeing Q4 Core Loss Narrows, Revenue Increases; Mentions 737 MAX Scrutiny

Boeing (BA) reported a Q4 core loss Wednesday of $0.47 per share, narrower than its $1.75 core loss per share a year earlier.

Analysts surveyed by Capital IQ expected a core loss of $0.79 per share.

Revenue for the quarter ended Dec. 31 was $22.02 billion, up from $19.98 billion a year earlier.

Analysts polled by Capital IQ expected $21.08 billion.

The company gave no financial forecast for 2024, saying it is focusing on “taking comprehensive actions to strengthen quality at Boeing” amid scrutiny surrounding the Alaska Airlines blowout. Earlier in January, a fuselage plug on an emergency exit of a Boeing 737 MAX 9 came off mid-air, forcing an emergency landing.

“As we move forward, we will support our customers, work transparently with our regulator and ensure we complete all actions to earn the confidence of our stakeholders,” said Chief Executive Dave Calhoun.

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