"We are focused on driving stability in our supply chain and improving operational performance as we steadily increase production rates to meet strong demand."īoeing said it now expects to deliver 375-400 737 Max jets this year, down from the 400-450 deliveries it projected earlier. "We continue to progress in our recovery and despite near-term challenges, we remain on track to meet the financial goals we set for this year and for the long term,” said Boeing CEO Dave Calhoun in the earnings release. Boeing’s Q2 revenue figure was 13% higher than a year ago.īoeing said results were impacted by “unfavorable defense performance and lower 737 deliveries.” The company reported an adjusted loss per share of $3.26, wider than the $2.95 loss expected. Yahoo Finance's Pras Subramanian reports:įor the quarter, Boeing reported top-line revenue of $18.10 billion, missing the Street's estimate of $18.16 billion. "I would propose a measure that expires on January 15 or April 15," he wrote in his letter to colleagues leaving out key additional information such as what funding levels he would push for on a longer-term deal.Ī preview of the Democrats' view of Johnson came Wednesday morning from House Minority Leader Hakeem Jeffries, who told an audience of activists at the Center for American Progress IDEAS Conference that Johnson has a "pleasant demeanor" but that it belies a voting record "as extreme as the most extreme members of their conference with very few exceptions."īoeing trims 737 max forecast, maintains cash flow guidanceīoeing ( BA) shares are slightly above the flat line after the company cut its forecast for the popular 737 max. Johnson, who had been GOP conference vice chair, opened the door in that letter to a short-term measure to keep the government operating into 2024 past its current deadline of Nov. When it comes to the looming shutdown, the 51-year-old Johnson has already sketched out a plan for the talks in a document distributed during his campaign. "The American people are looking to this great chamber to save America and save America we will," House Republican Conference Chair Elise Stefanik said in a speech nominating Johnson for speaker on Wednesday afternoon. Johnson will now lead negotiations with the Senate and White House on issues like a possible government shutdown next month and Biden administration proposals to spread new foreign aid around the world. Mike Johnson (R-La.) was voted in on Wednesday and he has a plan that might help avoid another government shutdown. That's why markets are so jumpy, so uncertain."Īfter 22 days the the House of Representatives has a new speaker of the House. "We're getting a series of conflicting signs around market. "There's real dispersion," BlackRock's global CIO Rick Rieder told Yahoo Finance Live when referencing Microsoft and Alphabet earnings. With stocks looking for a new catalyst to break out of their bond yield-driven sell-off, the market reactions to earnings aren't going in investors' favor. Over the past five years, that move has been closer to 3.1% on average. Companies that miss on both the top and bottom line are seeing their stocks fall nearly 5% the next day. Over the past five years those companies would have seen a 1% move higher. A 'famine' for positive earnings reactions isn't helping stocksĮvercore ISI's Julian Emanuel described the current earnings season as "a relative famine for positive earnings announcement price reactions" in a research note on Wednesday.Īfter 128 S&P 500 companies had reported entering Wednesday's trading session, companies that beat expectations for both earnings per share and revenue have seen their stock rise 0.3% the next day.
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