New York (CNN Business) On Wednesday, Boeing will give its most public accounting yet of how the 737 Max crisis has hurt its bottom line. Analysts surveyed by Refinitiv are forecasting that earnings per share fell 11%, compared to the same quarter last year. Experts had previously forecast that Boeing's quarterly earnings would increase 18%. And the cost of the crisis is probably even worse than the big profit decline suggests. Not surprisingly, analysts have slashed their share price forecast for the current quarter by more than half.
Source: Ethiopian News April 23, 2019 11:37 UTC