Boeing did not meet the expectations of stock market analysts :: Investor.bg Boeing's share price fell after the company announced second-quarter financial results that did not meet analysts' expectations.

Boeing's sales department announced a business turnover of $ 14.48 billion, or about $ 350 million less than FactSet forecasts, informs CNBC.

Boeing's core business has a quarterly operating margin of $ 307 million and the group has also taken into account the cost of developing the military aircraft KC-46 Tanker, which is preparing to be certified by the United States. Air Force by October of this year. After the enormous weight of previous years in the second quarter of the year, Boeing generated additional costs of $ 418 million, the airline said in Chicago on Wednesday

when the United States decided to order 179 planes – the tanker at the beginning of the decade. the business of the century for the industry. After serious disruption in the controversial third round of bidding, Boeing sold the case to its European rival Airbus (then EADS).

Even the experts doubted that the American company could ever earn money with the proposed price

Moreover, the development of the plane – as usual in such projects – took longer and was more expensive than expected. And while the first 18 KC-46s were due to be delivered in August 2017, Boeing CEO Dennis Müllenburg is now hoping to deliver the first USF aircraft in October 2018 after the completion of the final flight tests.

And that 's not all – Boeing has not managed to meet profit – per – share expectations for the entire year. The outlook is in the range of $ 14.30 to $ 14.50 per share, which is below the expectations of $ 14.56 in a Thomson Reuters poll

The news has not been well received by the financial market. Although quarterly earnings increased as strongly as badysts had anticipated, Boeing's share price dropped more than 2.5% during the pre-election session.

Boeing is planning at least 810 aircraft deliveries this year, which may be a record for the company. During the first half of the year, it delivered 378 aircraft

The company's stock rose 21% this year, closing the markets at $ 358.27 per share on Tuesday, continuing to grow. value in the last 21 months.

Boeing is constantly expanding its range of aircraft. The Embraer joint venture, announced on July 5, gave the airline the controlling stake of the Brazilian aircraft manufacturer. The $ 5 billion deal will make Boeing a leader in the regional pbadenger airline market. The company addresses this goal with the launch of the highly anticipated Boeing 797.

For the second quarter, the company announced a turnover of nearly $ 100 billion for the only transactions announced at the International Air Show. from Farnborough.