Boeing (NYSE: BA) missed analyst expectations for the third quarter due to a series of one-time charges and tepid defense sales. But free cash flow was strong, and commercial aviation appears to be regaining its footing.

Investors couldn't decide what to make of the results. Boeing shares were up 2.4% before falling as much as 4% on a turbulent day of trading.

It has been a difficult few years for Boeing investors, with the stock hit first by issues with the company's 737 MAX and then by the pandemic and its impact on Boeing's airline customers. The 737 MAX is airborne again, and airlines are steadily rebuilding their schedules, but Boeing faces a long recovery from here.

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Source Fool.com