Boeing (BA) Earnings Q4 2022

A Boeing 747-8F operated by AirBridgeCargo takes off from Leipzig/Halle Airport.

Jan Voitas | Picture Alliance | Getty Images

boeing Posted a $663 million loss in the fourth quarter as supply chain issues weighed on results despite return to aircraft sales and distribution Due to which the revenue increased.

Airlines and aircraft manufacturers have benefited from the sharp recovery in air travel, one of the worst-hit industries during the pandemic.

Nevertheless, Boeing generated $3.1 billion in cash flow in the fourth quarter, which exceeded analyst forecasts, and $2.3 billion for the year, the most since 2018, before the two fatal 737 MAX crashes that forced the company Had created a year long crisis for ,

Boeing shares were down about 1% in premarket trading after reporting results.

Here’s a look at how Boeing fared fourth quarter That compared to analyst estimates compiled by Refinitiv:

  • Adjusted loss per share: $1.75 versus expected earnings per share of 26 cents.
  • Revenue: $19.98 billion vs. $20.38 billion expected.

Supply chain and labor shortages hurt its bottom line for the fourth quarter.

Boeing leaders are hesitant to increase production.

CEO Dave Calhoun said in a memo to employees, “We are proud of how we closed out 2022 and, despite the obstacles facing us, we are confident of our path.” “We have a strong pipeline of development programs, we are innovating for the future and we are increasing investments to prepare for our next generation of products.”

This is breaking news. Check back for updates.

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