Stock weak following surprise loss, revenue miss
Boeing (BA) stock is trading lower in the pre-market as the aerospace and defense company reported a fourth-quarter revenue miss and surprise earnings per share (EPS) loss.
For the quarter Boeing reported:
Boeing’s fourth quarter revenue rose 35% from a year ago but still missed Street estimates, while the company reported a quarterly loss for the second straight quarter.
Boeing reaffirmed its prior 2023 guidance of $4.5 billion to $6.5 billion of operating cash flow and $3 billion-$5 billion…