Boeing loses $663 million in 4Q despite higher revenue

Boeing said Wednesday it lost $663 million in the fourth quarter as higher production costs and supply-chain problems offset rising revenue.

It was another disappointing quarter for the aerospace giant, which has yet to recover from deadly crashes involving two of its 737 Max jets and a pandemic that depressed airline demand for new planes until recently.

The shares were down more than 2% in premarket trading.

The loss amounted to $1.06 per share. Excluding pension adjustments, the “core” loss was $1.75 per share. Revenue increased 35% from a year earlier, to $19.98 billion.

Analysts were expecting the company to earn 20 cents per share on revenue of $20.32

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