Boeing shares are trading lower after the company CFO confirmed a report about delayed plane deliveries to China due to a Chinese regulatory review and said there won't be a step up in Q2 commercial jet deliveries.
Portfolio Pulse from Benzinga Newsdesk
Boeing shares are trading lower after the company CFO confirmed a report about delayed plane deliveries to China due to a Chinese regulatory review and said there won't be a step up in Q2 commercial jet deliveries.
May 23, 2024 | 3:11 pm
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Boeing shares are trading lower after the company CFO confirmed delays in plane deliveries to China due to regulatory review and no increase in Q2 commercial jet deliveries.
The confirmation of delayed plane deliveries to China and no increase in Q2 commercial jet deliveries are negative indicators for Boeing's short-term revenue and stock price. The regulatory review in China adds uncertainty, impacting investor sentiment.
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