Boeing posts Q3 revenue beat, improving cash flow burn rate as CEO Ortberg's turnaround plan takes off

Boeing (BA) reported a third quarter revenue beat, and an improving cash flow burn rate before the bell on Wednesday, as CEO Kelly Ortberg's turnaround of the troubled aviation giant rolled on. Boeing reported Q3 revenue of $23.27 vs$ 22.29 billion, per Bloomberg consensus, higher than last quarter's $21.68 billion and a 30% jump compared to a year ago. Boeing posted an adjusted loss per share (core loss per share) of$ 7.47 vs. $4.92 estimated, but that was due to a one-time charge related to the 777X pro ...