Boeing took nearly $3 billion hit in Q4 related to strike, layoffs and troubled government programs
- Boeing Co incurred nearly $3 billion in charges in the fourth quarter of 2024 due to a lengthy labor stoppage, job cuts, and issues with government programs.
- The company expects to report a fourth-quarter loss of $5.46 per share, significantly higher than Wall Street's expectation of a $1.80 loss.
- Boeing's fourth-quarter revenue was $15.2 billion, which fell short of analysts' estimates of $16.6 billion.
- Kelly Ortberg, president and CEO of Boeing, stated, 'Although we face near-term challenges, we took important steps to stabilize our business during the quarter.
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Total News Sources0
Leaning Left9Leaning Right5Center13Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 33%
C 48%
R 19%
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