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Boeing Q1 surpasses estimates but investors not impressed

They are concerned about cash outlook and 7.3% drop in revenue

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Boeing's CEO says that the company will seek new ways to improve profitability in a highly competitive and uncertain environment, and measures include investing in new sources of growth such as the proposed 737 Max 10 jet.

Chicago

BOEING Co surprised analysts by generating cash rather than burning it and reporting a first-quarter profit that blew past estimates. Neither impressed investors.

They focused instead on a disappointing 7.3 per cent drop in revenue as the planemaker delivered the fewest

sentifi.com

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