Boeing’s 2Q Profit Falls 19 Percent
PITTSBURGH — Boeing had a bigger-than-expected loss Wednesday — about a 19 percent drop in its quarterly profits.
Boeing Co. says its second-quarter earnings fell 19 percent as lower costs failed to offset a previously disclosed charge of $248 million related to a defense program.
The Chicago-based airplane maker says it earned $852 million, or $1.16 per share, for the three months ending June 30, compared with $1.05 billion, or $1.35 per share, a year earlier.
Sales in both commercial and military were lower than a year ago.
Revenue remained essentially flat at $17 billion.