Why Is Boeing Stock Down Today?

Boeing shares dropped about 9.6% on Tuesday after the planemaker said it will not reach a production rate of 52 737 Max jets a month until the second half of 2027, held back by slower wing output. The company currently builds about 47 a month. Third-quarter revenue rose 4% to $24.19 billion, beating the $23.84 billion forecast, but the adjusted loss of 34 cents per share was wider than the expected 21 cents. Net loss narrowed sharply to $116 million from $5.34 billion a year earlier.

Source: Coinpedia