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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.

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