Boeing Posts Lower Third-Quarter Results on Reduced Commercial Deliveries
- Third-quarter revenues declined to $15.3 billion from $16.5 billion as labor strike and supplier production problems pushed airplane deliveries out of the quarter
- EPS declined to $0.96 per share, reduced by an estimated $0.60 on the lower deliveries and by $0.08 due to tax adjustments
- Backlog grew to a record $349 billion as near-term demand remains strong
- Updated financial guidance to be provided after strike concludes
CHICAGO, Oct. 22, 2008
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Boeing (NYSE:BA), Financial Results, Q3 Third Quarter
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