On Wednesday, Boeing reported a smaller-than-expected loss for the fourth quarter, thanks to an improvement in aircraft deliveries that boosted sales.

The U.S. aerospace and defense giant reduced its net loss to $30 million for the last three months of the year, compared with a loss of $663 million a year earlier.

Excluding non-recurring items (non-GAAP), its loss per share came to $0.47, compared with consensus forecasts of a shortfall of $0.72 per share.

Quarterly sales rose by 10% to $22 billion, based on the delivery of 157 commercial aircraft, compared with 152 in the same period last year.

The Arlington, Virginia-based group reports that it delivered 528 commercial aircraft last year and received a total of 1,576 net orders, bringing its order book to over 5,600 aircraft, worth some $520 billion.

Its operating cash flow reached six billion dollars in 2023, generating free cash flow of 4.4 billion dollars in non-GAAP figures.

Copyright (c) 2024 CercleFinance.com. All rights reserved.