This is a syndicated repost published with the permission of Statista | Infographics. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.
Boeing‘s latest quarterly results didn’t deliver the much-needed boost to the company’s bottom line. Despite beating expectations for revenue, a net loss of $425 million (while an improvement on recent quarters) was not enough to get the aircraft producer back out of the red. The last quarter Boeing posted a net profit was Q2 2022, but that proved to be a small hop off the ground before plummeting back down to a $3.3 billion loss in Q3.
Remaining positive, CEO Dave Calhoun said commented: “We are progressing through recent supply chain disruptions but remain confident in the goals we set for this year, as well as for the longer term. Demand is strong across our key markets and we are growing investments to advance our development programs and innovate strategic capabilities for our customers and for our future.”
This chart shows the quarterly net profit/loss of The Boeing Company.
Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.