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Satnews Daily
January 28th, 2009

Boeing Posts Quarterly Loss — Blame Strike and Charges


Reports and numbers are in for Boeing which experienced a loss in the last quarter. The catalyst for this situation is blamed on the strike and charges to the company.
  • Fourth-quarter revenues declined to $12.7 billion from $17.5 billion as labor strike pushed airplane deliveries out of the quarter
  • Fourth-quarter EPS declined to loss of $0.08 per share, reduced by an estimated total of $1.79 due to strike, 747 charge and litigation-related reserve
  • Backlog grew 8 percent in 2008 to a record $352 billion
  • 2009 EPS guidance of $5.05 to $5.35 underpins a solid foundation in challenging times
The financial report can be viewed at.