Boeing reported an adjusted loss of $0.34 per share, worse than the $0.21 loss Wall Street expected, although revenue of nearly $24.2 billion beat the $23.84 billion forecast. Its total order backlog hit a record $745 billion at the end of September, including over 6,300 commercial airplanes and up about $30 billion from the prior quarter. However, CEO Robert Kelly Ortberg said the 737 Max has not yet reached its stability rate of 47 per month and may not be fully stable at that rate until next year, pushing the target of 52 per month to the second half of 2027, and the stock fell nearly 10.7% on Oct. 27. The 737 Max 10 recently received FAA certification and has over 1,500 orders, while the U.S. Navy selected Boeing for a $20 billion contract to build its sixth-generation fighter aircraft. Ortberg expects free cash flow of about $2 billion this year and $10 billion by 2029, below the $12.5 billion Wall Street consensus had modeled for 2029 before the report.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related news
- Boeing Fell Back Below $200 Ahead of a Strike Deadline. Here's Why I'd Buy the Fear After New Contracts Were Signed
Boeing averted a strike earlier this month after new contracts were signed with 17,000 engineers and technical workers represented by SPEEA. Still, its shares are down 11.3% over the past month and 26.7% from their 52-week high. The defense side stands out: the U.S. Navy picked Boeing over Northrop Grumman for the sixth-generation carrier-based fighter, likely delivering in the 2030s, and the Air Force chose Boeing to develop the F-47 to replace the F-15. The commercial business has weighed on the stock, with supply chain problems for the 737 and an autopilot software glitch that triggered a sell-off on Sept. 28. The author sees the decline as an opportunity and cites Barclays analyst Anthony Valentini naming Boeing a potential winner in an industrial revolution scenario.
- Boeing shares slide on a disappointing cash flow update. Why this dip is buyable
Boeing shares fell about 10% on Tuesday to a fresh 52-week low after the company gave long-term free cash flow guidance below expectations, even though third-quarter revenue of $24.19 billion rose 4% year over year and beat forecasts. Free cash flow of $464 million beat the $330 million expected, and Boeing kept its $2 billion expectation for 2026. However, it now sees free cash flow of $3 billion in 2027 and $6 billion in 2028, reaching its $10 billion target in 2029, a year later than Wall Street had modeled. The company ended the quarter with a record $745 billion backlog, and CEO Kelly Ortberg said customer demand has not changed. The author views the report as a clearing event, reiterating a buy-equivalent 1 rating while lowering the price target to $225.
- The big reason Boeing's stock is falling so hard after earnings
- Why Did Boeing Stock Crash After Earnings?
Boeing (BA) shares fell 9.6% by midday after its third-quarter report showed both earnings and sales missing expectations. The non-GAAP loss was $0.34 per share versus an expected $0.24, and sales came in at $24.2 billion against $24.4 billion expected. On a GAAP basis the loss was $0.26 per share, while operating cash flow rose 33% to $1.5 billion and free cash flow was $500 million for the quarter. The article also cites FAA certification of two more 737 models and a record backlog of 6,300 airplanes worth $745 billion at list prices. Analysts still don't expect a profit this year, but 2027 prospects are improving.
- Boeing is set to report earnings before the bell. Here's what Wall Street expects
Boeing will report quarterly results before the market opens Tuesday, with investors focused on how quickly it can increase aircraft production, especially the 737 Max. Consensus estimates from LSEG point to a smaller loss than the $5.34 billion net loss in the same period of 2025, with a loss of 21 cents per share and revenue of $23.84 billion expected. Boeing currently produces about 47 737 Max planes a month and aims for more, but CEO Kelly Ortberg said stabilizing output is taking longer than expected, with an increase planned for next year. The FAA recently approved the 737 Max 10, the largest model in the Max family, following the 737 Max 7 approval in August.
- RTX Has a $340 Billion Backlog and Trades at 32 Times Earnings. Is It the Best Defense Stock to Buy Right Now?
The article says RTX's recent results strengthened the investment case, with management raising guidance for sales, earnings and cash flow, and a $340 billion backlog. The stock trades at 32 times trailing earnings. The author benchmarks it against Lockheed Martin (13.8 times 2027 operating income on analyst consensus) and GE Aerospace (25.1 times), assuming 30% of Collins Aerospace and Pratt & Whitney is defense and 70% commercial aerospace, which implies 21.7 times. Using expected 2027 net debt of $22.6 billion, the theoretical value is about $186 per share versus the current $192. The author concludes RTX looks fairly valued relative to peers and is more a long-term buy-and-hold stock than a clear bargain.
Related markets
Latest news
- 17,000 troops massed at hotspot, over 100 UAVs target Voronezh: Zelensky makes special offer to Putin
According to Russian media citing TST, Ukraine has massed about 17,000 troops in an area only 25 km wide where Dnipropetrovsk, Zaporizhzhia and Donetsk meet, including airborne and marine brigades and the 3rd Regiment of the Special Operations Forces. Colonel Vladimir Antonyuk said the objectives later shifted to military-tactical targets, namely the transport junctions at Velikaya Novosyolka and Bogatyr, where Russian defenses had been reinforced beforehand. In the night of 25 to 26 October, Voronezh region was hit by over 100 UAVs; Governor Alexander Gusev said more than 70 were shot down around Voronezh city, and two people were killed and 17 injured, including a child. A Russian military expert said Kharkiv region could be a launch area and recalled Putin's order to the military to set up a buffer zone along the border. President Zelensky said Ukraine is ready to discuss a territorial exchange, but on one condition.
- RBC Says SpaceX Stock Has 50% Upside. S&P Global Just Warned About Its Hidden AI Debt. Here's Who I Think Is Right.
RBC reiterated its outperform rating and $225-per-share price target after SpaceX's Oct. 20 earnings, which showed $14.6 billion in revenue (up 161%) and $4.4 billion in earnings, versus a $1.1 billion loss in the year-earlier quarter. Starlink contributed $5.25 billion in revenue and $2.4 billion in operating income, and management guided first-quarter 2027 revenue to $33-37 billion, above the $22 billion Wall Street estimate. S&P Global, in contrast, warned that six top hyperscalers, including SpaceX, plan to spend $7 trillion on AI through 2029, including guarantees that do not appear as debt on balance sheets. SpaceX's AI capex was $19.6 billion last quarter and is estimated at $35-40 billion this quarter, while the company is finalizing a $40 billion off-balance-sheet debt structure. The article concludes that the outcome of this AI bet remains uncertain.
- Savings rates fall to near 0% at one bank
Ngan hang TMCP Sai Gon (SCB) cut its online savings rates for new individual customers to 0.1-0.7% per year from October 26, 2026, well below the system's general level. Deposits of 31, 39 and 45 days and 1 to 5 months earn 0.1% per year, 6 to 11 months 0.5%, 12, 13, 15 and 18 months 0.6%, and 24 and 36 months 0.7%, the highest in the table. For 100 million VND deposited for 12 months at 0.6% per year, interest at maturity is 600,000 VND; for 24 months at 0.7%, estimated interest is 1.4 million VND, assuming the rate holds and no early withdrawal. The move follows an October 21 directive from the State Bank of Vietnam requiring banks to cut average deposit rates by at least 0.5 percentage points per year for new deposits of six months or longer in late 2026. SCB has been under special control since 2022 and has shrunk from nearly 240 transaction points to about 8 across 6 localities.
- The value of audit is measured by positive changes in national governance
National Assembly Chairman Tran Thanh Man received heads of delegations from 16 Supreme Audit Institutions (SAIs) attending an international seminar hosted by the State Audit of Vietnam on October 27, which drew about 250 delegates and 13 papers on institutions, vision and innovation. Insights from the seminar will inform the State Audit's development strategy to 2035, its vision to 2045 and proposed amendments to the State Audit Law. On behalf of the international delegations, K. Sanjay Murthy, Comptroller and Auditor General of India and ASOSAI chair, said audit value lies in recommendations that help agencies fix shortcomings, and that SAIs must adopt AI and data analysis to shift toward early risk warnings. Chairman Tran Thanh Man stressed that independence must go with accountability and that audit value is measured by positive changes in governance.
- Indian investors rush to Nvidia, SpaceX, Apple as local trading apps roll out access to U.S. stocks
Major Indian platforms Groww, Zerodha and Angel One are opening U.S. stock trading to retail investors, previously available mainly to wealthier Indians through global banks. Groww, which accounts for more than 29% of the country's 46 million active investors, offers access to more than 10,000 U.S. stocks, ETFs and fractional shares, with NVIDIA, SpaceX and Apple among the most popular among early users. Demand is driven by Indian underperformance: the Nifty 50 has fallen nearly 13% since the start of the year while the S&P 500 has gained over 12%, and foreign investors have pulled a record $32.5 billion from Indian equities this year. Resident Indians sent over $321 million abroad for equity and debt investment in August, up 111% from a year earlier. Kotak Mahindra's Nitin Jain cautioned that regulators could have second thoughts about retail access to U.S. markets as participation grows.
- Gold bar and gold ring prices on the morning of October 28 at SJC, Bảo Tín Mạnh Hải, DOJI and PNJ
On the morning of October 28, SJC, Bảo Tín Mạnh Hải, DOJI and PNJ all quoted gold bars at 139 million VND per tael to buy and 142 million VND to sell, unchanged from the previous close, while gold rings were quoted between 135 and 141.3 million VND per tael. World gold rebounded on October 27 (U.S. time) as crude oil fell, reaching around 4,058.20 USD per ounce, up 42 USD (1.05%). Gains were capped by a stronger U.S. dollar and the 10-year U.S. Treasury yield near 4.99%. Investors are focused on the Fed's rate decision expected on October 28 (U.S. time), with markets leaning toward the Fed holding rates steady.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.