
Boeing (BA) Stock Falls in After-Hours, Will Take $2.1B Charge in Q2
NEW YORK (TheStreet) -- Shares of Boeing (BA) - Get Report are dropping 1.3% to $131.80 in after-hours trading on Thursday as the company said it will book charges totaling $2.1 billion as part of its 2016 second quarter earnings.
The charges are related to the 787, 747 and KC-46 tanker aircraft program.
"These are the right, proactive decisions to strengthen our business going forward," CEO Dennis Muilenburg said in a statement.
"Our investment in 787 flight test airplanes paved the way for the growing Dreamliner fleet today and helped refine improvements for other platforms. In the 747 program, the company continues to monitor the air cargo market and aggressively drive productivity and cost reduction as we work to win additional orders to support ongoing production," he added.
The Chicago-based aerospace company is scheduled to report earnings on July 27.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.
The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and good cash flow from operations.
The team believes its strengths outweigh the fact that the company has had sub par growth in net income.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: BA










