Boeing Posts Wider Loss Than Expected as It Awaits Union Vote on Ending Strike
Boeing (BA) reported third-quarter results below analysts' estimates Wednesday as the company awaits the result of a machinists union vote on its latest contract proposal, which could end a five-week strike that halted production and led the company to cut costs. The troubled plane manufacturer posted a net loss of 9.97 per share, larger than the consensus loss of 8.89 per share, projected by analysts polled by Visible Alpha. Boeing generated $17.84 billion in revenue, ...