Boeing reports smaller-than-expected fourth-quarter loss
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.
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