Boeing is reporting a big profit shortfall for the third quarter after costs related to the troubled 737 Max rose by $900 million.
Interested in Boeing?
Add Boeing as an interest to stay up to date on the latest Boeing news, video, and analysis from ABC News.
The Chicago company said Wednesday that it expects regulatory review to begin in the fourth quarter. A few weeks ago, Boeing Co. predicted the plane would be flying around that time.
Net income was $1.17 billion, or $2.05 per share. Per-share earnings were $1.45 when nonrecurring items are removed, far short of the $2.04 Wall Street was looking for, according to a poll by Zacks Investment Research.
Revenue was $19.98 billion, topping forecasts analyst expectations $19.34 billion.
—————
Portions of this story were 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