Categories Markets, Other Industries

Boeing delivers more aircraft in October, but stock slips

Boeing Co (BA) announced that in October, the aircraft maker delivered 43 737 single-aisle aircraft. The growing jet market fueled a year of record deliveries, with the monthly number up from the 37 deliveries a year ago.

For the first ten months of the year, Boeing has now delivered 625 aircraft, vs. 610 a year ago. Considering all deliveries, Boeing delivered 57, up from 56 last year.

The company also looks to plug any delays in its 737 production. For 2018, Boeing looks to deliver 810-815 aircraft.

Boeing third quarter 2018 Earnings Infographic

Last month, Boeing posted a 31% jump in earnings for the third quarter helped by the strong operating performance at Commercial Airplanes and a tax benefit related to the tax settlement. The top and bottom line came in above analysts’ expectations. New aircraft orders shot up steadily on strong travel demand and improving load factors.

Profit soared 31% to $2.4 billion. Earnings climbed 36% to $4.07 per share and core earnings per share spiked 37% to $3.58.

Back in September, the US Air Force selected Boeing (BA) for the T-X pilot training program valued up to $9.2 billion. Under the program, the Air Force plans to initially procure 351 jets, 46 simulators and related ground equipment, and up to a total of 475 jets and 120 simulators.

In Tuesday trade, Boeing shares fell as low as $342.04 — 4.2% lower than Monday’s close of $357.03.

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

AVGO Earnings: All you need to know about Broadcom Q1 2021 earnings results

Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared

Infographic: Costco (COST) Q2 2021 sales up 15%; earnings miss

Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million

Will shifting to as-a-service model help Hewlett Packard in emerging stronger from COVID?

With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top