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A forgettable quarter for Boeing


( ) -q-29- UNDATED (Correspondent Jeremy House) “topped Street forecasts.”

Boeing has reported a loss of $634 million in its fourth quarter.

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TAG: Correspondent Jeremy House reporting. Boeing shares have risen 11% since the beginning of the year, while the S&P’s 500 index has decreased 16%. The stock has increased nearly 4% in the last 12 months.

VERBATIM: The Arlington, Virginia-based company said it had a loss of $1.06 on a per share basis. Losses, adjusted for non-recurring gains, came to $1.75 per share. The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share. The airplane builder posted revenue of $19.98 billion in the period, which topped Street forecasts.

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