The company also suspends earnings forecast amid 737 Max worries
- Core EPS: $3.16 vs $3.25 estimate
- Revenue: $22.9 bn vs $22.9 bn estimate
Boeing notes that they will issue the new guidance at a future date but on the front of it that doesn't sound too good. The report mentions that the company spent $2.3 billion to buy 6.1 million of its shares before the Ethiopian Airlines crash in March and there's no mention of any activity (including the grounding of its air fleet) after that.
Basically, they're not offering a whole lot to investors who are looking for more insight on the fallout from the 737 Max crisis. But as highlighted above, the guidance forecast suspension speaks for itself I guess.
