Boeing Q4 Loss Sharply Narrows, Tops Estimates
From RTTNews:
Boeing Co. reported a loss for the fourth quarter that sharply narrowed from last year. The net loss attributable to shareholders was $23 million or $0.04 per share, down from $634 million or $1.06 per share in the prior-year quarter. Core loss for the quarter was $0.47 per share. Total revenues grew 10 percent to $22.02 billion, driven by higher commercial volume. The total company backlog at quarter-end was $520 billion, including over 5,600 commercial airplanes. Commercial Airplanes revenues grew 13 percent year-over-year to $10.48 billion, and Defense, Space & Security revenue increased 9 percent to $6.75 billion. Total Global Services revenue increased 6 percent year-over-year to $4.85 billion. During the quarter, Commercial Airplanes delivered 157 airplanes, up 3 percent from last year. The company also secured net orders of 611, including 411 737, 98 777X, and 83 787 airplanes. Boeing began certification flight testing on the 737-10, and resumed production on the 777X program. The 737 program continues to deliver airplanes at a rate of 38 per month, and the 787 program production rate is now at five per month.
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