Boeing Co BA shares are trading higher by 4.40% to $139.78 Thursday afternoon, rebounding after the stock fell on Wednesday following the company's third-quarter financial results.
What Happened?
Overall sales for Boeing during the third-quarter increased 4% to $15.96 billion, missing the consensus of $17.83 billion. Adjusted loss per share widened to $(6.18) from $(0.60) a year ago.
Boeing also delivered 112 commercial airplanes in the third quarter compared to 85 last year...Read More
What Else?
Boeing has predicted that China’s growing economy will see its commercial airplane fleet more than double over the next 20 years.
“Despite the impact of the pandemic on China’s near-term growth, Boeing predicts that demand for air travel and air freight will continue to trend upwards through 2041, with the country’s commercial fleet growing from around 3,900 airplanes to more than 9,600 through 2041,” Boeing said in a statement...Read More
According to data from Benzinga Pro, Boeing has a 52-week high of $233.94 and a 52-week low of $113.02.
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