Boeing reports Q2 profit but misses Wall Street expectations
13 Articles
13 Articles
Boeing reports Q2 profit but misses Wall Street expectations
Boeing Co. reported a smaller second-quarter profit that fell short of Wall Street expectations as its defense business weakened and it remained unable to deliver any of its 787 Dreamliner planes.The giant aircraft manufacturer reported a profit of $193 million Wednesday, down 67% from the second quarter of last year, on a 2% drop in revenue.Boeing generated more cash than in the first quarter by delivering more planes than it has since the star…
Boeing misses profit expectation as strike nears
Boeing is reporting a $193 million second-quarter profit for shareholders, but the results are falling short of Wall Street expectations.The company is faced with the threat of a strike Monday by about 2,500 workers at three of its defense plants in Mascoutah and the St. Louis area. The machinists' union is asking for increases in wages and retirement benefits after, it says, Boeing took away a pension plan.
Boeing reports Q2 profit but misses Wall Street expectations
By DAVID KOENIGBoeing Co. reported a smaller second-quarter profit that fell short of Wall Street expectations as its defense business weakened and it remained unable to deliver any of its 787 Dreamliner planes.The giant aircraft manufacturer reported a profit of $193 million Wednesday, down 67% from the second quarter of last year, on a 2% drop in revenue.Boeing generated more cash than in the first quarter by than it has since the start of th…
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