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.
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