Boeing's turnaround is taking longer than Wall Street hoped. The aerospace giant reported a third-quarter core loss of 34 cents per share, wider than the 21-cent loss analysts polled by LSEG had expected, even as the figure marked sharp improvement from the $7.47-per-share loss a year earlier, according to CNBC's earnings report.

The pain was concentrated in Boeing's commercial jet unit, which lost $697 million in the quarter — roughly double what analysts had forecast — on revenue that fell 3%. Yahoo Finance's coverage points to recurring engine-supply delays as the culprit, with the company now targeting a production increase on its best-selling 737 Max for the second half of 2027 — later than investors had been banking on.

SHARES FELL 10% ON THE NEWS

It wasn't all bad. Total revenue actually rose 4% to $24.19 billion, beating estimates, and free cash flow of $464 million topped Wall Street's $325 million forecast. Boeing's defense unit was a bright spot too, with revenue jumping 15% year over year to $7.94 billion.

But investors focused on the production delay, sending the stock down about 10% on the day — one of its roughest sessions in years. The company says it remains committed to stabilizing 737 output before pushing the rate higher, a cautious approach born of years of safety and quality problems that have dogged the jet since the Max groundings.