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Business/Financial

Boeing’s Sales, Earnings Down In Fourth Quarter On Fewer Aircraft Deliveries, 747 Charge

By Cal Biesecker

Wednesday, January 27th, 2016

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Boeing’s Sales, Earnings Down In Fourth Quarter On Fewer Aircraft Deliveries, 747 Charge

Boeing President and CEO Dennis Muilenburg. Photo: Boeing

Boeing [BA] on Wednesday reported declines in its fourth quarter sales and earnings due to fewer commercial aircraft deliveries and a previously announced charge related to its 747-8 cargo plane, more than offsetting positive results in its defense business.The company also offered initial earnings guidance for 2016 that is well below analysts’ expectations primarily because the outlook for operating margins in the Commercial Airplanes segment is lower than expected. The weaker than expected forecast sent the company's stock price down…

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