17:06:13 EDT Sun 25 May 2025
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Boeing CDR (CAD Hedged)
Symbol BA
Shares Issued 1,200,000
Close 2025-01-23 C$ 30.75
Market Cap C$ 36,900,000
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Globe/wire say Boeing's Q4 financials to nosedive

2025-01-24 08:32 ET - In the News

The Globe and Mail reports in its Friday edition that Boeing's loss will exceed expectations when it unveils fourth-quarter results next week, the financially strapped U.S. plane maker said on Thursday. A Reuters dispatch to The Globe says the company blamed charges at its defence unit, lower jetliner deliveries and losses from a crippling strike for the dour outlook. The company forecast a quarterly loss of $5.46 per share, sharply steeper than analysts' average expectation of a $1.84-per-share loss (all figures U.S.). Boeing shares fell 2.5 per cent in after-hours trading as the company projected quarterly revenue of $15.2-billion, below expectations of $16.27-billion. Boeing racked up losses in 2024, hammered by a strike by more than 33,000 workers which halted production of its 737 MAX, 777 and 767 planes and by an ailing defence and space division. The plane maker was already wrestling with a quality crisis from a January mid-air panel blowout in a nearly new 737 MAX operated by Alaska Airlines. Analysts on average were expecting a loss per share of $1.84 and revenues of $16.27-billion according to LSEG data. Reuters notes that Boeing reached a deal with its Northwest U.S. factory workers in early November.

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