Companies > Business

After 737 Max crashes, Boeing profits drop more than 20%

2 monthes ago   |   By Fast Company

After deadly crashes on Lion Air and Ethiopian Airlines, Boeing reported dismal earnings.
After two deadly crashes due to software issues on its 737 Max jets, Boeing's business is flailing.
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Boeing misses on earnings, suspends its forecast over uncertainty around the 737 Max

Boeing misses on earnings, suspends its forecast over uncertainty around the 737 Max

2 monthes ago   |   By Chron

Ted S. Warren/Associated Press
Boeing reported first-quarter earnings ahead of Wednesday's opening bell that fell short of Wall Street estimates.
The company also suspended its forecast, citing uncertainty around its 737 Max fleet.
Shares were little changed immediately following the results.
It was the company's first earnings report since its 737 Max planes were grounded and production was cut.
Watch Boeing trade live .
Boeing reported first-quarter earnings Wednesday morning that fell short of Wall Street estimates, and it suspended its forecast. Shares were little changed immediately...
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Boeing abandons financial outlook, stops buybacks after 737 MAX groundings

2 monthes ago   |   By Reuters

Boeing Co on Wednesday abandoned its 2019 financial outlook, halted share buybacks and announced $1 billion in increased costs due to the grounding of its fastest-selling 737 MAX jet after two fatal plane crashes in five months.
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Boeing Earnings Slide After Two Deadly Crashes

2 monthes ago   |   By NY Times

The company said that increased costs and fewer deliveries associated with its troubled 737 aircraft had cost it more than $1 billion.
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Boeing's profit falls 21% on the 737 Max crisis

2 monthes ago   |   By Stl Today

Boeing's earnings fell 21% in the first three months of the year because of the crisis that grounded its bestselling 737 Max jet.
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Boeing 1Q results in line with estimates but company pulls 2019 guidance over 737 Max uncertainty, suspends buybacks

2 monthes ago   |   By Stl Today

NEW YORK - Boeing 1Q results in line with estimates but company pulls 2019 guidance over 737 Max uncertainty, suspends buybacks.
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Boeing abandons 2019 outlook after 737 MAX groundings

2 monthes ago   |   By Reuters

Boeing Co missed sharply-lowered Wall Street estimates for revenue and cashflow in the first quarter and suspended its 2019 outlook, as the world's largest planemaker continued to suffer from the grounding of its 737 MAX jets.
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The Latest: Boeing pulls 2019 forecast, suspends buybacks

2 monthes ago   |   By Chron

The Latest on Boeing Co.'s quarterly results. :
7:45 a.m.
Boeing is pulling its 2019 forecast over 737 Max uncertainty and says it's suspending its stock buybacks.
The airline also provided first quarter results on Wednesday that beat Wall Street's estimates.
Boeing Co. said its previously issued full-year guidance didn't account for 737 Max impacts. It plans to issue a new guidance at a future date. Investors and consumers have been keeping a close eye on Boeing due to two deadly crashes involving the 737 Max. The two crashes have damaged the company's reputation for safety, caused the...
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Boeing pulls 2019 guidance, pauses share buybacks due to 737 Max uncertainty

2 monthes ago   |   By CNBC

Boeing delivered first-quarter earnings that were in-line with Wall Street expectations while revenue was lighter than expected.
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We're about to see just how hard Boeing got hit by the 2 deadly 737 Max crashes which left its most profitable plane grounded worldwide

We're about to see just how hard Boeing got hit by the 2 deadly 737 Max crashes which left its most profitable plane grounded worldwide

2 monthes ago   |   By Chron

REUTERS/Baz Ratner/File Photo
Boeing will today release its first earnings since its 737 Max planes were grounded, revealing the financial effects two deadly crashes have had on the company.
Boeing has cut production and not received any new orders since the planes were grounded around the world, leading to cancelled flights and increased scrutiny on the aviation giant.
According to Bloomberg, the 737 Max was set to become Boeing's largest source of both revenue and profit in 2019.
One analyst predicted that Boeing's crisis could result in a $10 billion drag on Boeing's finances this...
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Boeing misses on earnings, suspends its forecast

Boeing misses on earnings, suspends its forecast

2 monthes ago   |   By Business Insider

Boeing reported first-quarter earnings ahead Wednesday's opening bell that fell short of Wall Street estimates.
The company suspended its forecast.
Shares were down less than 1% following the results.
It was the company's first earnings report since its 737 Max planes were grounded and production was cut.
Watch Boeing trade live .
Boeing reported first-quarter earnings on Wednesday morning that fell short of Wall Street estimates and suspended its forecast.
The planemaker posted core earnings per share of $3.16, missing the $3.25 that analysts surveyed by Bloomberg were expecting. Revenue...
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Here comes Boeing

Here comes Boeing

2 monthes ago   |   By Business Insider

Boeing is set to report ahead of Wednesday's opening bell.
It's the company's first earnings report since its 737 Max planes were grounded and production was cut.
Watch Boeing trade live .
Boeing is set to report its first-quarter results ahead of Wednesday's opening bell.
The report will give investors their first look at how the grounding and production cut of the 737 Max, which occurred after the aircraft model's second crash in five months, will affect its financials.
Earlier this month, Boeing announced it was cutting production of the aircraft, which was set to become its largest...
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Frostpunk sells over 1.4 million copies in its first year

Frostpunk sells over 1.4 million copies in its first year

2 monthes ago   |   By Venture Beat

11 Bit Studios has sold over 1.4 million copies of Frostpunk since the postapocalyptic survival-city building sim launched one year ago today.
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