Boeing Layoffs Reach 10,000 As Losses Mount (BA) [image: Burning_money_pic_3]<http://247wallstreet.typepad.com/.shared/image.html?/photos/uncategorized/2009/01/28/burning_money_pic_3.jpg>Losing money and announcing layoffs is becoming more and more routine. That holds true even for DJIA components. The Boeing Co<http://www.247wallst.com/2009/01/boeing-layoffs.html#>. (NYSE: BA) posted a $56 million loss for its Q4 period along with a 27% revenue drop. And of course, the pink slips are being passed out left and right.
The actual earnings data was -$0.08 EPS on a net basis after including costs from its strike, and $0.62 EPS on normalized operations on an ex-items basis. Revenue was $12.7 billion. First Call had estimates at $0.80 EPS and $13.44 billion in revenue. Boeing expects earnings this year of $5.05 to $45.35 EPS and $34 billion to $35 billion in revenue. First Call estimates are for $5.82 EPS and $68.9 billion in revenue. Boeing also received cancellation notices for 15 of its new Dreamliner super-jets that has been hit with delay after delay. The backlog inside Boeing Commercial Airplanes rose 9% to $279 billion, and that is based upon bookings of 44 for the quarter and 669 during the year. The firings are now at roughly 10,000. That represents 6% of the company's workforce. If the current conditions continue, it is probably a safe bet that the unions will face more layoffs. Jon C. Ogg January 28, 2009 http://www.247wallst.com/2009/01/boeing-layoffs.html --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
