375.50 +0.04 (0.01%)
After hours: 7:58PM EDT
|Bid||375.50 x 800|
|Ask||375.89 x 800|
|Day's Range||373.66 - 381.15|
|52 Week Range||292.47 - 446.01|
|Beta (3Y Monthly)||1.43|
|PE Ratio (TTM)||21.03|
|Forward Dividend & Yield||8.22 (2.16%)|
|1y Target Est||N/A|
Boeing pulls 2019 guidance and pauses share buybacks due to 737 Max uncertainty. Yahoo Finance's Brian Cheung joins Seana Smith on 'The Ticker' to discuss how this will impact the Boeing's bottom line.
Yahoo Finance's Adam Shapiro, Julie Hyman, and Akiko Fujita join CFRA Industrials Equity Research Director Jim Corridore to discuss.
Hawaiian Airlines CEO Peter Ingram joins CNBC's "Closing Bell" team to talk about the airline industry, travel trends, earnings and more.
Oscar Munoz, United Airlines CEO, joins CNBC's Phil LeBeau to discuss Boeing's 737 Max 8 impact on United Airlines's flights. They also discuss if the CEO is concerned about rising jet fuel prices.
Suppliers weren't surprised to hear Boeing's CEO sweet talk them after the company took a billion dollar hit linked to the Max global fleet grounding.
Norwegian Air has agreed with Airbus and Boeing to reschedule delivery of aircraft to cut capital spending, the loss-making budget carrier said on Wednesday. In total, the announced restructurings and postponements of Boeing and Airbus aircraft delivery will reduce capital expenditure for 2019 and 2020 by $2.1 billion (1.6 billion pounds), the company said. The company said its Dublin-based subsidiary Arctic Aviation Assets DAC had reached an agreement with Boeing to postpone delivery of 14 737 MAX aircraft which were originally due in 2020 and 2021.
Boeing is already estimating a $1 billion increase in costs related to its troubled 737 Max and has pulled its forecast of 2019 earnings because of uncertainty surrounding the jetliner, which remains grounded after two crashes that killed 346 people. It covers increased production costs over the next few years but does not include the company's spending to fix software implicated in the crashes, additional pilot training, payments to airlines for grounded jets, or compensation for families of the dead passengers. The estimate was disclosed Wednesday in a presentation for investors as Boeing released first-quarter financial results, which missed Wall Street expectations.
The S&P 500 slipped on Wednesday after ending the previous session with a record and the Nasdaq failed to hold all-time highs reached earlier in the day while investors waited for more earnings reports. Energy stocks were the biggest drag on the S&P as oil prices fell. While the tech-heavy Nasdaq had help from eBay Inc's upbeat earnings and a chipmaker rally, investors were digesting a mixed bag of reports.
The world's largest planemaker is facing one of the biggest crises in its 103-year history following the disasters on Lion Air in Indonesia on Oct. 29 and another on Ethiopian Airlines on March 10, which together killed all 346 on board. Chicago-based Boeing is now reckoning with a blow to its reputation and the financial cost of getting the planes back in the air. It met sharply lowered Wall Street profit estimates for the first quarter, largely due to stopping deliveries of the money-spinning 737 MAX jets and a slowdown in production.
The euro fell against the U.S. dollar on Wednesday after data showed a surprise deterioration in German business morale, raising fears of slowing global growth and weighing on a gauge of world equity markets, ...
Stocks ended lower Wednesday, a day after the S&P 500 and the Nasdaq set closing record highs. missed first-quarter earnings expectations and pulled its earnings guidance in light of the troubled 737 MAX aircraft. Stocks turned mixed Wednesday afternoon, one day after the S&P 500 and Nasdaq set new closing record highs as investors on Wall Street regrouped amid a flood of earnings reports.
The S&P 500 and the Nasdaq Composite indexes on Wednesday failed to extend their climb into record territory as a pullback in the mostly buoyant energy sector weighed on the broader market. The S&P 500 index closed off 0.2% at 2.927, with the energy sector , down 1.9%, delivering the biggest headwind for the benchmark, while the Nasdaq slipped 0.2% to 8,102, a day after the equity market pair produced their first records in months. Meanwhile, the Dow Jones Industrial Average finished off 0.2% at 26,597 (all on a preliminary basis), holding within 1% of its Oct. 3 all-time high. Shares of Caterpillar Inc. exacted a the stiffest toll from the price-weighted Dow after its quarterly results disappointed Wall Street, coming amid a barrage of quarterly results that included reports from Boeing Co. and former Dow-component AT&T .
Boeing earnings fell in Q1, and the 737 Max crisis also put buybacks and guidance on hold. But shares rose as costs for the troubled plane fell short of some expectations.