0950 ET - Boeing's 1Q results are an affirmation that production is on track, a welcome sign amid economic volatility, analysts say. Boeing is up 7% after saying it's on course for making 38 737s a month this year and is ramping up 787 production. Those updates essentially amount to Boeing reaffirming its full-year guidance, Benchmark analyst Josh Sullivan says, though it didn't comment directly on its outlook. The 1Q loss wasn't as bad as expected. Its defense business posted a positive margin despite negative Wall Street forecasts and cash burn--while not great--was expected to be worse, Vertical Research Partners analyst Robert Stallard says. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
April 23, 2025 09:50 ET (13:50 GMT)
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