Wednesday, January 27, 2016
CHICAGO (AP) — Boeing's fourth-quarter performance beat analysts' estimates, but the company's 2016 outlook came in well below Wall Street's expectations.
Shares fell more than 6 percent in today pre-market trading.
For the period ended Dec. 31, Boeing earned $1.03 billion, or $1.51 per share. A year earlier the Chicago company earned $1.47 billion, or $2.02 per share.
Last week Boeing said that its fourth-quarter would include a $569 million charge related to cutting production of its 747-8 cargo plane due to a slowdown in its air-freight business.
Its adjusted profit was $1.60 per share.