Boeing Charge Kills Profits But Lifts Stock
July 19, 2019 at 13:10 PM EDT
On Thursday, Boeing announced it will take a $4.9 billion charge in the second quarter due to the worldwide grounding of its 737 Max planes after two fatal crashes that killed 346 people. The debit, which amounts to $8.74 a share, is planned to wipe out existing profits. Analysts prognosticated...