Boeing shares dip ahead of earnings report
Boeing's shares closed 0.7% lower yesterday ahead of Wednesday's fourth quarter and full-year profit reports.
Argus Research downgraded Boeing from “buy” to “hold”, noting that ongoing B787 delays and defence spending cuts are not yet priced into the stock. Meanwhile T Rowe Price Group stated Boeing's outlook is “very positive” once deliveries commence for the B787.
Analysts polled by Bloomberg are expecting Boeing to report adjusted fourth-quarter earnings may of USD1.11 per share, down from USD1.79 in the previous corresponding period.
Shares in rival Airbus' parent EADS gained 1% yesterday.
Selected OEMs' share price performance: 25-Jan-2011