Billions of dollars for Boeing and Lockheed hinge on a single FAA decision.
In the latest trading session, Boeing (BA) closed at $155.31, marking a +0.26% move from the previous day.
BA's earnings miss the Zacks Consensus Estimate in two of the trailing four quarters and beat the same in the other two, the average negative surprise being 1.97%.
Production down 0.3%, slightly below forecast
Several airlines have criticized Boeing for delivery delays. Ryanair CEO Michael O'Leary said the airline would likely cut traffic expectations for next year.
In the last week, Boeing has taken two significant efforts to address its ongoing financial crisis amidst an ongoing strike of 33,000 workers from the International Association of Machinists (IAM).
Investors believe a Boeing stock sale is coming. Exactly when and how much the company will raise remains a mystery.
Boeing Co (NYSE:BA, ETR:BCO) plans to raise around $15 billion through a combination of stock sales and mandatory convertible bonds to strengthen its finances, according to sources cited by the Reuters news agency. The aerospace giant, facing regulatory issues, production setbacks, and a loss of customer confidence, is also considering a structured finance deal to raise an additional $5 billion.
Boeing is closing in on a plan to raise around $15 billion with common shares and a mandatory convertible bond as the jet maker bolsters finances worsened by a crippling strike, four sources familiar with the matter told Reuters.
Boeing (BA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Dubai's Emirates, one of the world's largest cargo carriers, is expanding its fleet of Boeing 777F freighters as it plans for sharp growth in cargo traffic, industry sources said.
Boeing (BA) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.