CHICAGO (AP) _ Boeing Co. (BA) on Wednesday reported a loss of $8.42 billion in its fourth quarter.
The Chicago-based company said it had a loss of $14.65 per share. Losses, adjusted for non-recurring gains, came to $15.25 per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of $1.78 per share.
The airplane builder posted revenue of $15.3 billion in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $15.26 billion.
Boeing shares have declined nearly 6% since the beginning of the year, while the Standard & Poor's 500 index has increased 2.5%. The stock has dropped 36% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BA at https://www.zacks.com/ap/BA
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