What's Going On With Boeing Airlines Stock Wednesday?
Portfolio Pulse from Dylan Berman
Boeing (NYSE:BA) shares are trading lower on Wednesday ahead of its earnings release next week. Analysts estimate a loss of $1.76 per share and revenue of $17.26 billion for the 2024 fiscal year second quarter. Recent events include a plea deal with the DOJ, FAA grounding of 737 MAX jets, and new orders from Qatar Airlines and Macquaire AirFrance.
July 24, 2024 | 5:10 pm
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Boeing shares are trading lower ahead of its earnings release next week. Analysts estimate a loss of $1.76 per share and revenue of $17.26 billion. Recent events include a plea deal with the DOJ, FAA grounding of 737 MAX jets, and new orders from Qatar Airlines and Macquaire AirFrance.
Boeing's stock is trading lower due to a combination of factors including anticipated earnings loss, legal issues with the DOJ, FAA grounding of jets, and recent orders. The negative sentiment is likely to persist in the short term.
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