Boeing narrowed its loss in the third quarter after defense sales rose, but CEO Kelly Ortberg told staff that the manufacturer has "more work to do."
Here's what Boeing reported for the third quarter compared with what Wall Street analysts are expected, according to consensus estimates from LSEG:
Loss per share: 34 cents adjusted vs. a loss of 21 cents expected
Revenue: $24.19 billion expected vs $23.84 billion expected.
For the three months ended Sept. 30, Boeing reported a net loss of $116 million, or 26 cents a share, compared with a $5.34 billion loss, or $7.14 per share, a year earlier. Adjusting for one-time items, the company reported a loss of 34 cents a share. A year earlier, Boeing had taken a nearly $5 billion charge on its long-delayed 777X aircraft program.
Revenue climbed 4% on the year to $24.19 billion.…