BUZZ - Boeing's quarterly losses widen due to production challenges, stock price falls

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October 27 - ** Aircraft manufacturer Boeing BA.N shares fell 8.4% to $172.58 after the release of its third-quarter earnings report

** Boeing reported a third-quarter loss (link), larger than expected, due to supply chain challenges and production delays in its commercial airplane division, which overshadowed improved margins in other parts of the business

**CEO Kelly Ortberg stated that Boeing (BA) will not reach (link)the target of producing 47 737 jets per month until next year

** Third-quarter adjusted loss per share was 34 cents, while analysts had expected an average loss of 21 cents—data compiled by LSEG

** Revenue grew by 4% to $24.19 billion, exceeding analysts’ expectations of $23.84 billion **Factoring in intraday volatility, the stock has dropped by more than 19% so far this year

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