Boeing Is a 'Free Cash Flow' Story Right Now: Analyst
Boeing (BA) - Get Boeing Company Report reported earnings on Wednesday.
The company posted adjusted core loss for the three months ending in December was pegged at $15.25 per share, down from a profit of $2.33 per share over the same period last year and sharply lower than the Street consensus forecast of a loss of $1.80 per share. Boeing booked charges of more than $8 billion over the quarter including $6.5 billion linked to delays in the 777X wide-body jet, which won't be pushed into service until late 2023.
Jeff Marks, senior portfolio analyst with Jim Cramer's Action Alerts PLUS, weighs in on Boeing.
Watch: Everything Moving the Stock Market Wednesday
