Boeing Shares Fall as Commercial Losses Weigh on Results

Boeing reported $24.2 billion in third-quarter revenue and positive free cash flow, but its commercial-aircraft losses and revenue below analyst expectations accompanied a roughly 9% to 10% share decline during trading on October 27. The company posted an adjusted loss of 34 cents per share for the quarter, compared with analysts’ expectations for a smaller loss. Revenue was also below the roughly $24.4 billion forecast cited in reports. Boeing’s shares fell sharply after the results, with intraday reports recording declines from about 9% to 10%. Those observations reflect different points during trading and do not establish a closing price. Boeing Commercial Airplanes recorded a $697 million operating loss on $10.7 billion in revenue, which was down 3% from a year earlier. The unit delivered 161 aircraft, compared with 160 in the year-earlier quarter. Boeing attributed pressure to an unfavorable delivery mix, supply-chain expenses and projected costs associated with future production-rate adjustments. The results also showed stronger cash generation. Boeing reported $1.5 billion in operating cash flow and $464 million in free cash flow, compared with $238 million in free cash...