Boeing Raises 2014 Profit Forecast as Jet Deliveries Rise
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Boeing Co. fell the most on the Dow Jones Industrial Average as investors signaled concern that the world’s largest planemaker isn’t moving fast enough to curb costs on the 787 Dreamliner.
While Boeing boosted its 2014 earnings forecast by 20 cents a share today and beat third-quarter profit estimates, the results were overshadowed by the expense tied to making the 787, the carbon-fiber jet on which the company still loses money. Investors worry the Dreamliner is a drag against cash that Boeing should be reaping from a record order backlog.