Boeing [BA] on Wednesday reported a loss in its second quarter, but not quite as bad as a year ago, as sales fell sharply on fewer commercial aircraft deliveries due to continued weakness in the 737 MAX passenger jet program, temporary shutdowns of some facilities in the spring, and the ongoing impacts to airlines from the novel coronavirus. The net loss of $2.4 billion, $4.20 earnings per share (EPS), was less than the $2.9 billion ($5.21 EPS) loss a year ago. The adjusted net loss of $3.3 billion ($4.79 EPS), which excludes various pension adjustments, was worse than the $2.57 EPS loss expected by analysts. Sales tumbled 25 percent to $11.8 billion from $15.8 billion a year ago driven by a steep decline at the Commercial Airplanes segment and a sharp decline at the Global Services segment due to a drop in commercial business. Boeing's Defense, Space & Security segment reported flat sales of $6.6 billion and a 38 percent drop in operating income to $600 million.
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