Why Boeing (BA) Plummeted on Wednesday

NEW YORK (TheStreet) -- Boeing (BA) was trading lower after the aerospace company issued weak guidance for the current year following the release of fourth-quarter and full-year earnings. The stock had unloaded 5.8% to $129.13 by midday.

Before the bell Wednesday, the aircraft manufacturer announced fourth-quarter net income of $1.88 a share on $23.8 billion in revenue.

Management forecast 2014 earnings between $7 and $7.20 a share with revenue of $87.5 billion to $90.5 billion, below analyst consensus on the top and bottom line.

TheStreet Ratings team rates BOEING CO as a Buy with a ratings score of A+. The team has this to say about their recommendation:

"We rate BOEING CO (BA) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

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