CHICAGO ( TheStreet) -- Boeing ( BA) reported an expected third-quarter net loss after it said it would take charges for delays in two key programs, and it reduced full-year earnings guidance. The aircraft maker cut full-year 2009 earnings guidance to between $1.35 and $1.55 a share, down from $4.70 to $5, to reflect delays in the 787 and 747 programs. Analysts surveyed by Thomson Reuters had been looking for earnings of $1.53 a share. For the quarter, Boeing reported a net loss of $1.6 billion, or $2.23 a share. Analysts had estimated a loss of $2.12 a share. Revenue rose 9% to $16.7 billion; analysts had estimated $17.2 billion.
In premarket trading, Boeing shares were down 2% at $50.68, after closing Tuesday at $51.89.