Boeing (BA) reported fourth quarter results that topped expectations, but the plane maker suspended its 2024 guidance as it continues to deal with the fallout from an accident involving an Alaska Airlines 737 Max 9, which suffered a door “plug” blowout while in flight in early January.
For the quarter, Boeing reported top line revenue of $22.02 billion vs. $21.07 billion expected, according to Bloomberg consensus estimates. Boeing's commercial sales revenue for Q4 came in at $10.48 billion vs. the $10.04 billion expected. From a profitability standpoint, Boeing reported an adjusted loss per share (or “core,” as Boeing calls it) of $0.47 vs. a loss of $0.76 estimated.
Boeing reported operating cash flow of $3.38 billion and a core operating margin of 0.4%, compared to last year's margin of negative 3.2%.