vested
Boeing (NYSE:BA) shares have stabilized after hitting major turbulence in connection to the two fatal crashes of 787 MAX aircraft because of what looks like a design flaw connected to an anti-stall system.
Boeing, under competitive pressure, reportedly buried details of the system’s operation to avoid airlines retraining pilots.
Shares were recently downgraded from buy to hold by analysts at Argus. But the worst looks to be over for the company, which will have to pay to make it right before getting back to its massive list of backorders.
The company will next report results on May 1 before the bell. Analysts are looking for earnings of $4.25 per share on revenues of $25 billion.
When the company last reported on Jan. 30, earnings of $5.48 beat estimates by 93 cents on a 14.4% rise in revenues.
Source: Investorplace