Boeing Shares Post Biggest Drop in 18 Months After Delivery Cut

Boeing lowered its full-year commercial aircraft delivery outlook, saying it will miss its 500 737 production target and that 787 deliveries are at the low end of guidance, sending shares down roughly 10% intraday for their biggest drop in 18 months. Boeing posted Q3 revenue of $24.2 billion, up 4% year-over-year, with a core loss of 34 cents per share, wider than the 21-cent loss expected by Bloomberg consensus. Multiple investment banks noted ongoing losses in its commercial aircraft business and uncertainty around cash flow recovery.