Why Boeing Stock Is Flying High Tuesday
Portfolio Pulse from Adam Eckert
Boeing Co's shares are trading higher after the company reported third-quarter deliveries of 105 commercial airplanes, bringing the total for the year to 371. The company's gross orders for the year have climbed to 848, increasing the backlog to 5,172 orders. The ongoing Israel-Hamas conflict, which has boosted several defense stocks, may also be contributing to the rise in Boeing's shares. The company is expected to report a Q3 earnings loss of $3.04 per share and quarterly revenue of $18.62 billion.
October 10, 2023 | 5:46 pm
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Boeing's stock is trading higher due to positive Q3 deliveries and a potential boost from the Israel-Hamas conflict. The company is expected to report a Q3 earnings loss of $3.04 per share and quarterly revenue of $18.62 billion.
The increase in Boeing's stock price can be attributed to the company's positive Q3 deliveries report and the potential boost from the Israel-Hamas conflict. However, the company is expected to report a Q3 earnings loss, which could potentially impact the stock price negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100