Boeing (BA.US) shares gained nearly 3.3% ahead of the opening of the trading session despite the release of worse-than-expected quarterly results. However, the aircraft manufacturer reaffirmed its annual forecast in terms of adjusted free cash flow and operating cash flow figures.
On the other hand, however, the company is lowering its annual target for 737 aircraft deliveries in the face of quality errors. The repair of a critical part of the fuselage turned out to be more complicated than previously expected.
Selected company results along with market expectations. Source: Bloomberg Finance L.P.
Annual projections:
- Operating cash flow of $4.5 billion to $6.5 billion, estimated $4.85 billion
- Adjusted free cash flow of $3 billion to $5 billion, estimated $3.53 billion
Source: Boeing
Looking ahead to the full year (from January 2023), the company is feeling the pressure imposed on net margin. It is worth noting, however, that this goes hand in hand with the increased dynamics of increasing capital expenditures. Source: XTB
The company's current trading before the opening of the session on Wall Street. Source: xStation
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