Here's Why Boeing Stock Disappointed Investors in April
's (NYSE: BA) shares fell by 13% in April, according to data provided by S&P Global Market Intelligence. The move adds to a miserable year for the company, with the stock down slightly more than 31% in the year to date.
It comes as a result of a disappointing performance in the quarter, especially in terms of airplane deliveries. Boeing released its first-quarter delivery data on April 8. It reported:
To put these figures into context, on its Investor Day presentation in November 2022, management said it would deliver 400 to 450 Boeing 737s and 70 to 80 Boeing 787s in 2023. These figures imply a quarterly run rate of up to 113 on the 737 and 20 on the 787. Boeing is nowhere near those rates at the moment.
Source Fool.com
Boeing Co. Stock
€176.20
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