Boeing shares are trading lower after the company on Thursday said it expects 737 deliveries at the low end of the 400-450 range.
Portfolio Pulse from Benzinga Newsdesk
Boeing has announced that it expects 737 deliveries to be at the lower end of the 400-450 range, leading to a decrease in its share price.
September 08, 2023 | 2:00 pm
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NEGATIVE IMPACT
Boeing's announcement of lower than expected 737 deliveries has led to a decrease in its share price.
Boeing's announcement that it expects 737 deliveries to be at the lower end of the 400-450 range indicates a potential decrease in revenue and profitability, which has negatively impacted investor sentiment and led to a decrease in its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100