Capitalist Pig hedge fund founder Jonathan Hoenig, Layfield Report CEO John Layfield and Kaltbaum Capital Management president Gary Kaltbaum, FOX Business’ Kristina Partsinevelos and David Asman discuss the Boeing 737 MAX pilot controversy.
Boeing reported third quarter results that fell short of expectations, sending shares lower.
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The airplane maker earned $1.17 billion, or $2.05 a share, falling short of the $2.12 that was expected. Adjusted earnings were $1.45 a share.
Revenue fell 21 percent versus a year ago to $19.98 billion, but that was better than the $19.57 billion that analysts surveyed by Refinitiv were anticipating.
“Our top priority remains the safe return to service of the 737 MAX, and we’re making steady progress,” said Boeing President and Chief Executive Officer Dennis Muilenburg. “We’ve also taken action to further sharpen our company’s focus on product and services safety, and we continue to deliver on customer commitments and capture new opportunities with our values of safety, quality and integrity always at the forefront.”
This story is developing. Check back for updates.
