Boeing's Going, and Its CEO is Already Gone
Since reporting second-quarter earnings last week, shares of (NYSE: BA) have lost $25 in value -- a stock market decline of more than 13% -- as of this writing. That should not come as a huge surprise, though.
Boeing's earnings were truly awful. Bad enough, in fact, to cost Boeing's CEO his job.
Boeing "missed earnings" in a big way last week. On the top line, revenue came in more than $300 million below expectations at $16.9 billion. On the bottom line, the company reported a net loss of $2.33 per share. The company's cash flow statement showed a cash burn of $4.3 billion in a single quarter.
Source Fool.com
Boeing Co. Stock
€139.98
1.230%
Our community is currently high on Boeing Co. with 39 Buy predictions and 5 Sell predictions.
As a result the target price of 218 € shows a very positive potential of 55.74% compared to the current price of 139.98 € for Boeing Co..
