The Boeing Company (BA)
Pre-market:
- Yahoo Finance Video
Boeing whistleblowers testify to Senate: What we learned
Boeing (BA) is under the spotlight on Capitol Hill today as whistleblowers testify before Senate subcommittees, including quality engineer Sam Salehpour who raised alarm bells over alleged unsafe manufacturing procedures surrounding Boeing's 787 Dreamliner. Yahoo Finance Legal Reporter Alexis Keenan breaks down the whistleblower testimonies. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
- Yahoo Finance Video
Boeing impact to United's Q1 profit was 'limited': Analyst
United Airlines (UAL) managed to top first-quarter earnings estimates on both the top and bottom lines even after accounting for a $200 million hit to profits tied to the grounding of Boeing planes (BA). Morningstar Industrials Equity Analyst Nick Owens joins the Morning Brief to talk about United's quarterly results as the airline industry contends with the fallout from Boeing's manufacturing concerns. "In a way, you could say that the damage here was pretty limited, they have whatever it was — 50, 60 planes that they had to ground and inspect — and on $11 billion-plus in revenue for the quarter, they're saying it was a $200 million hit," Owens tells Yahoo Finance. "Which was the difference between them making money or losing money. To me, that just goes to show how narrow the margins in airlines really are." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
United stock pops on Q1 results despite $200M Boeing hit
Shares of United Airlines (UAL) are trading higher on Wednesday following the company's better-than-expected first-quarter results. The airline managed to beat estimates on both revenue and adjusted earnings per share (EPS), despite taking a $200 million hit due to having to ground its Boeing (BA) 737 Max-9 fleet. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
