Boeing (BA) Loses $8 Billion in Market Cap as Guidance Sends Shockwaves

RBC Capital Remains Bullish on General Dynamics (GD) Following 4Q

January 28, 2016 7:52 AM EST

RBC Capital maintained an Outperform rating on General Dynamics Corp. (NYSE: GD), and cut the price target to $166.00 (from $173.00), following the company's 4Q earnings report. GD reported an EPS of $2.40, modestly beating consensus' estimates of $2.38. Initial 2016 guidance, which was introduced on the conference call, came in a... More

Boeing (BA) Plans to Trims 777 Production; Sees 787 Deliveries at 12/Month by mid-2016

January 27, 2016 11:01 AM EST

On today's conference call, Boeing (NYSE: BA) said it planned to shift 777 production to 7 per month, or 84 per year. That's down slightly from the current rate at 100 per year, as... More

Boeing shares slide; investors brace for slow deliveries, profit hit

January 27, 2016 7:51 AM EST

By Alwyn Scott

SEATTLE (Reuters) - Boeing Co braced investors on Wednesday for a rough 2016, forecasting lower-than-expected earnings and fewer plane deliveries largely because of production changes needed to boost output later in the decade, news that sent its stock down sharply.

The world's largest plane maker said it still sees a strong market for new aircraft despite slowing global growth and low oil prices.

Boeing said it expects passenger traffic to keep rising and announced plans to notch up 737 output to 57 a month in 2019. That would be the highest level ever for the single-aisle... More

Boeing (BA) Tops Q4 EPS by 34c; Guides FY16 Below the Street

January 27, 2016 7:33 AM EST

Boeing (NYSE: BA) reported Q4 EPS of $1.60, $0.34 better than the analyst estimate of $1.26. Revenue for the quarter came in at $23.6 billion versus the consensus estimate of $23.55 billion.

GUIDANCE:

Boeing sees FY2016 EPS of $8.15-$8.35, versus the consensus of $9.43. Boeing sees FY2016 revenue of $93-95 billion, versus the consensus... More