Boeing will be holding its 3rd quarter earnings conference call at 10:30 AM ET. It is expected that the company will provide an initial assessment of the impact of the IAM strike, as well as its effect on the 787 program.
Boeing Posts Lower Third-Quarter Results on Reduced Commercial
Deliveries
– Third-quarter revenues declined to $15.3 billion from
$16.5 billion as labor strike and supplier production problems pushed
airplane deliveries out of the quarter
– EPS declined to $0.96 per
share, reduced by an estimated $0.60 on the lower deliveries and by
$0.08 due to tax adjustments
– Backlog grew to a record $349 billion as
near-term demand remains strong
– Updated financial guidance to be
provided after strike concludes
Transcript below the fold.
This post was originally published to the internet between 2007 and 2012. Links, images, and embedded media from that era may no longer function as intended.
This post originally appeared at Flightglobal.com from 2007 to 2012.