What Impressed Jim Cramer About Boeing's Quarter

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Let's talk about Boeing  (BA) - Get Report.

The company posted earnings before the bell Wednesday, Jan. 29. 

Boeing recorded a loss for the three months ending in December of $2.33 per share, and the first annual net loss since 1997, as revenues plunged 39.7% from last year to $17.11 billion, a figure that still missed analysts' forecasts of a $21.67 billion tally.

Boeing said MAX-related delay and grounding costs increased by $2.6 billion over the quarter, and just over $18. billion in total, while cash flow was measured at a negative $2.22 billion over the final three months of the year.

Boeing said MAX-related delay and grounding costs increased by $2.6 billion over the quarter, and just over $18. billion in total, while cash flow was measured at a negative $2.22 billion over the final three months of the year.

"We recognize we have a lot of work to do," said CEO David Calhoun. "We are focused on returning the 737 MAX to service safely and restoring the long-standing trust that the Boeing brand represents with the flying public. We are committed to transparency and excellence in everything we do."

Jim Cramer weighed in on the quarter, saying that he liked the transparency so far under Calhoun.

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