Boeing Posts $1.24 Billion Loss in Q1
CHICAGO (AP) -- Boeing said Wednesday that it lost $1.2 billion in the first quarter as it and took large write-downs and lost money in both its civilian-airplane and defense businesses.
The loss was bigger than Wall Street had forecast, and the company’s quarterly revenue also fell short of expectations. Shares of Boeing Co., based in Chicago, fell almost 4% before the opening bell Wednesday.