Airbus SE (EADSY)
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Airbus Is Finally Back in Orbit. Does That Make the Stock a Buy?
Airbus subsidiary Arianespace had a successful Ariane 6 rocket launch recently. The rocket, 10 years in development, has arrived four years later than planned and costs more than what it was supposed to.
What's going on with Airbus shares?
Shares in Airbus fell by nearly 11% on Tuesday following the company's announcement of reduced targets for 2024. The aerospace giant revised its adjusted earnings before interest and taxes (EBIT) to around €5.5 billion ($5.9 billion), down from a previous estimate of €6.5 billion to €7 billion.
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