Boeing's Q3 Loss Narrows, Supplier Issue Impacts Near-Term Deliveries And Production Plans For 737
Portfolio Pulse from Akanksha Bakshi
Boeing Co (NYSE:BA) reported a 13% YoY increase in Q3 FY23 revenue to $18.10 billion, beating the consensus of $16.58 billion. Adjusted loss per share contracted to $(3.26) from $(6.18) in 3Q22, missing the consensus of $(2.96). The company identified a supplier issue with certain 737 airplanes’ aft pressure bulkhead section, impacting near-term deliveries and production. The company reaffirmed its FY23 outlook of $3 billion - $5 billion in adjusted free cash flow and $4.5 billion - $6.5 billion in operating cash flow.
October 25, 2023 | 1:08 pm
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Boeing's Q3 FY23 results beat revenue consensus but missed on adjusted loss per share. A supplier issue will impact near-term deliveries and production.
Boeing's Q3 results showed a strong revenue performance, beating consensus estimates. However, the company missed on adjusted loss per share. A supplier issue identified during the quarter will impact near-term deliveries and production, which could potentially affect future revenues. The company's reaffirmed FY23 outlook indicates confidence in its financial performance despite these challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100