Boeing post loss of nearly $3 billion in 2Q
FILE – In this April 10, 2019, file photo a Boeing 737 MAX 8 airplane being built for India-based Jet Airways, top, lands following a test flight, Wednesday, April 10, 2019, at Boeing Field in Seattle. Boeing Co. reports earning on Wednesday, July 24, 2019. (AP Photo/Ted S. Warren, File)

CHICAGO (AP) — Boeing is reporting a second quarter loss of $2.94 billion a week after saying problems with its advanced 737 Max jet will set the company back at least $5 billion.

On a per share basis, the Chicago plane maker reported a loss Wednesday of $5.21. Earnings, adjusted for non-recurring costs, were $2.92 per share. Wall Street had been expecting a loss of $1.85, according to a survey by Zacks Investment Research.

Revenue reached $15.75 billion, well short of the $17.98 billion industry analysts had expected.

Shares of Boeing Co. edged slightly lower before the opening bell.

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Portions of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BA at https://www.zacks.com/ap/BA





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