Boeing Q3 Earnings Preview: Financial Struggles Set To Deepen, Yet Positive Labor Vote Outcome Could Offer Relief
Portfolio Pulse from Piero Cingari
Boeing is set to report its Q3 2024 earnings amid financial struggles and a critical labor vote that could end a 41-day strike. The company is expected to post a significant loss, with revenues projected at $17.9 billion. A new labor deal could resume operations and ease financial strain. Boeing faces heavy charges from program delays, impacting cash flow and margins. The stock is down 38% YTD but has shown some recovery in October.
October 22, 2024 | 9:16 pm
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Boeing is expected to report a significant Q3 loss amid financial pressures and a potential end to a 41-day labor strike. The new labor deal could resume operations and ease financial strain. Heavy charges from program delays are impacting cash flow and margins.
Boeing's financial struggles are highlighted by expected Q3 losses and significant charges from program delays. The potential end of the labor strike could positively impact operations, but the financial outlook remains challenging. The stock's recent recovery suggests some investor optimism.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100