Shares of Boeing (NYSE:BA) reported a loss per share of $3.26 for the third quarter, which is $0.03 more than the projected loss of $3.23 per share. The quarter’s revenue was $18.1 billion, slightly surpassing the predicted $18.09 billion.
During this period, Boeing completed 105 commercial deliveries. The company highlighted a comprehensive backlog amounting to $469 billion, encompassing more than 5,100 commercial aircraft. However, the company revised its 2023 delivery expectations for the 737 airplanes, now anticipating 375 to 400 deliveries, a drop from the initial forecast of 400 to 450.
Dave Calhoun, Boeing’s CEO and president, stated that the company is consistently progressing in its recovery. While they confront short-term obstacles, they maintain alignment with their financial objectives for the present year and long-term forecasts.