) reported another earnings miss on Wednesday, but 1-year stock performance shows that investors are keeping faith in the jet maker.
Boeing’s operating loss at its defense business rose to a whopping $924 billion, more than double the expected $400 million. Even worse, Boeing’s commercial aerospace division lost $31 billion over that run on sales of $117 billion. For a company that is a leader in its respective industry, the numbers are astonishingly bad.
But despite such significant headwinds, Boeing’s share price remains resilient. The stock gained over 22% over the past year, outperforming the S&P 500, which rose 9% during that span. One of the key reasons investors continue to believe in the aircraft giant is the improving commercial aerospace outlook.