EVERETT, Wash. — Boeing reported a massive loss of more than $6 billion in its third quarter, dragged down by a work stoppage and charges tied to its commercial aircraft and defense programs.
Boeing lost $9.97 per share for the period ended Sept. 30, with an adjusted loss of $10.44 per share. Analysts polled by Zacks Investment Research were calling for a loss of $10.34 per share.
Revenue totaled $17.84 billion, matching Wall Street estimates.
The biggest news of the day, however, is likely to come this evening, when the International Association of Machinists and Aerospace Workers reveals whether striking union members will return to factories after crippling production.
They will vote at union halls in the Seattle area and elsewhere on a Boeing offer that includes pay raises of 35% over four years, $7,000 ratification bonuses, and the retention of performance bonuses that Boeing wanted to eliminate.