Boeing reports $116 million Q3 loss in Arlington, misses forecasts

Boeing Co., based in Arlington, Virginia, reported a third-quarter net loss of $116 million, according to WTOP. On a per-share basis, the loss was 26 cents, and adjusted losses were 34 cents per share. This performance missed Wall Street expectations, which anticipated a loss of 21 cents per share based on seven analysts surveyed by Zacks Investment Research.

The airplane manufacturer posted revenue of $24.19 billion for the quarter, which also fell short of the expected $24.28 billion. Boeing's shares have declined 13% year to date, while the S&P 500 index has increased 12%, and the stock has dropped 15% over the past 12 months, WTOP reported.