Boeing (BA) Stock: Plunges 9.55% Despite $24.2 Billion Q3 Revenue and Record Backlog

TLDR Boeing (BA) stock sinks 9.55% even as quarterly revenue reaches $24.2 billion. Record $745 billion backlog fails to lift Boeing shares after Q3 earnings report. Boeing free cash flow climbs to $464 million from $238 million a year earlier. Commercial Airplanes posts a $697 million loss despite delivering 161 jets. Boeing defense revenue grows [...]

The post Boeing (BA) Stock: Plunges 9.55% Despite $24.2 Billion Q3 Revenue and Record Backlog appeared first on Blockonomi.