Boeing (BA)

Boeing reported a Q3 loss of $2.23 per share on net losses of $1.6 billion versus a $0.96 profit on net profits of $695 million in the year ago period.
Sales for the quarter were $16.7 billion which were a 9% increase from the 2008 Q3 sales of $15.3 billion. The Q3 results include a previously announced to R&D of costs that were incurred throughout July for the first three 787 flight-test aircraft of $2.46 per share, spending on those aircraft for August and September of $0.14 per share and the 747 charge of $0.99 per share. These costs were offset by the company's solid performance in other commercial aircraft programs and in its defense business.

Oct 21 · 12:16:00 PM · Source: Trading Markets
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by Michael Oliveto