Boeing reports higher-than-expected USD 1.56 billion net loss.WASHINGTON, Oct 21 (KUNA) -- The worlds second largest military contractor, Boeing Company reported on Wednesday Wednesday: see week. a higher-than-expected USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1.56 billion in net losses from July-September. The loss of USD 2.23 per share in the third fiscal quarter was drive by hefty heft·y adj. heft·i·er, heft·i·est 1. Of considerable weight; heavy. 2. Rugged and powerful. See Synonyms at heavy. 3. USD 3.5 billion cost of delays in the 787 Dreamliner and the 747-8 freight jumbo-jet programs. The Chicago-based company reported third-quarter revenue was USD 16.7 billion, nine percent higher than this time last year, which was affected by a workers strike and supplier production problems. Wall Street analysts expected a smaller loss of USD 2.12 per share, on higher revenue of USD 17.16 billion. Following the revenue report, Boeing reduced its projected full 2009 earnings to between USD 1.35 to USD 1.55 a share, down from the previous guidance of USD 4.70, USD five dollars a share, on average. The company hopes to make its first 787 test flight later this year, and says it is on track to deliveer the plan to its dirct commercial customer at the end of 2010. All KUNA right are reserved 2007. Provided by Syndigate.info an Albawaba.com company |
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