Tanker troubles bedevil Boeing financial report

Boeing KC-46 tanker

Boeing’s KC-46 tanker uses a boom to refuel an F-16 fighter jet. (Boeing Photo)

Second-quarter financial results that show higher revenue and earnings per share would typically please investors, but not for Boeing.

Instead, Boeing’s shares declined by as much as 3 percent after the results were announced. The price recovered to close at $355.92, representing a 0.6 percent loss on a trading day that was generally positive.

Investors were “rattled” by a $426 million charge against revenue due to cost overruns in Boeing’s KC-46 tanker program for the Air Force, Leeham News’ Dan Catchpole wrote. That assessment was seconded by other analysts.

Get the full story on GeekWire.

About Alan Boyle

Award-winning science writer, creator of Cosmic Log, author of "The Case for Pluto: How a Little Planet Made a Big Difference," president of the Council for the Advancement of Science Writing. Check out "About Alan Boyle" for more fun facts.
This entry was posted in GeekWire and tagged , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.