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ARLINGTON, Va. (AP) — ARLINGTON, Va. (AP) — Boeing Co. (BA) on Tuesday reported a loss of $3.87 billion in its fourth quarter.
The Arlington, Virginia-based company said it had a loss of $5.46 per share. Losses, adjusted for non-recurring gains, were $5.90 per share.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of $3.22 per share.
The airplane builder posted revenue of $15.24 billion in the period.
Boeing shares have dropped 1% since the beginning of the year, while the S&P's 500 index has risen 26%. The stock has fallen 13% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BA at https://www.zacks.com/ap/BA