said it will record third-quarter charges of $158 million, reflecting the airline industry's downturn.
The company said the noncash charges, which come to $250 million on a pretax basis, will reduce third-quarter earnings by 20 cents a share. Analysts had forecast that the aircraft maker would earn 66 cents a share for the period.
Boeing will report its earnings on Oct. 16.
Boeing's shares ended down $2.30, or 6.7%, at $32.01.
The airline industry's troubles have caused reductions in commercial aircraft values, especially in older airplanes, the company said.
Separately, the company said it is continuing a price freeze on spare parts of its commercial airplanes. Boeing said it will keep the parts at 2001 prices.