Boeing is set to report results before the market opens. Here’s what Wall Street expects

Boeing is set to report results before the market opens. Here’s what Wall Street expects


A logo is seen on the Boeing stand on the opening day of the Farnborough International Airshow 2024, south west of London, on July 22, 2024.

Justin Tallis | AFP | Getty Images

Boeing is set to report results before the market opens on Wednesday. Analysts are expecting another loss and lower revenue for the aircraft manufacturer that continues to struggle with the fallout from its safety and manufacturing crises.

Here’s how analysts expect Boeing performed in the second quarter, according to estimates compiled by LSEG:

  • Loss per share: $1.97 per share adjusted
  • Revenue: $17.23 billion

Boeing is trying to regain its footing after a door plug blowout from a nearly-new 737 Max at the start of the year reignited additional scrutiny from regulators and further slowed deliveries of new, more fuel-efficient jets to airlines.

In addition to the impact from the door plug accident in January, Boeing, as well as rival Airbus, are dealing with thousands of new workers and a supply chain that can’t keep up with production demands after a demand plunge during the pandemic roiled their businesses.

Lower deliveries and production have pushed back some of Boeing’s financial targets. CFO Brian West warned in May that the company would likely burn another roughly $4 billion in the second quarter, similar to the first, largely due to lower production and delivery rates than expected. Boeing was producing its best-selling Max planes a pace in the mid-20s per month in the last few months, far from its target of 38 a month.

Read more CNBC airline news

Stephanie Pope, CEO of Boeing’s commercial airplane unit, told reporters ahead of the Farnborough Airshow outside London earlier this month that the company is trying to make lasting changes to training and quality control, admitting that the company has disappointed customers.

“We’ve impacted their business and we haven’t met the commitments and lived up to being the partner that they expect and they need us to be,” she said. “This plan is not a three-month plan,” said Pope. “I call it transformational because some of these actions will take years.”

Boeing’s other business units have also faced cost overruns and delays, like its defense unit which is building the two Boeing 747 aircraft that will serve as Air Force One, which are behind schedule.

This is breaking news. Check back for updates.



Source

Shares of American Eagle surge after Trump calls Sydney Sweeney campaign ‘hottest ad out there’
Business

Shares of American Eagle surge after Trump calls Sydney Sweeney campaign ‘hottest ad out there’

A window display of actress Sydney Sweeney is seen on a window of an American Eagle store on August 01, 2025 in New York City. Michael M. Santiago | Getty Images Shares of American Eagle surged more than 15% on Monday after President Donald Trump complimented the retailer’s marketing campaign with actress Sydney Sweeney. “Sydney […]

Read More
More than 3,000 Boeing defense workers go on strike after rejecting contract
Business

More than 3,000 Boeing defense workers go on strike after rejecting contract

A worker performs quality checks on a Boeing Co. F/A-18 Super Hornet fighter aircraft at the Boeing Defense, Space & Security facility in St. Louis, Missouri, U.S., on Monday, July 24, 2018. Alex Flynn | Bloomberg | Getty Images Some 3,200 Boeing defense unit workers went on strike early Monday hours after turning down a […]

Read More
New guide to wealth terminology aims to ‘counteract some of the BS’ for investors
Business

New guide to wealth terminology aims to ‘counteract some of the BS’ for investors

Senior woman looking on cell phone at sidewalk cafe. Yuliya Taba | E+ | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. A leading advisory group to the wealth […]

Read More