The Boeing Company's (BA) stock rose in intraday trading Wednesday after the aircraft manufa🌠cturer reported first-q🐓uarter results that fell short of revenue estimates, but also included a smaller loss than analysts expected.

Boeing posted $16.57 billion in revenue for the quarter, below the $16.79 billion analysts expected, per estimates compiled by Visible Alpha. However, the company also reported an adjusted net loss of $1.13 per share that was much smaller than the anticipated $1.70-per-share loss.

"Our first quarter results reflect the immediate actions we've taken to slow down 737 production to drive improvements in quality," outgoing Boeing 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Dave Calhoun said in a statement. "We will take the time necessary to strengthen our quality and safety management systems ꦦand this work will position us for a stronger and𒆙 more stable future."

The airplane maker had a rough first quarter, kicked off by a 澳洲幸运5官方开奖结果体彩网:January incident in which a door plug detached from a Boeing plane being flown by Alaska Airlines, leading to the 澳洲幸运5官方开奖结果体彩网:grounding of the 737 Max fleet and a significant slowdown in Boeing's production so far this year. 澳洲幸运5官方开奖结果体彩网:Earlier this month, the company reported its lowest number꧋ of deliveries since 2021.

Following the January incident, the company 澳洲幸运5官方开奖结果体彩网:suspended its 2024 guidance as it became the subject of a number of investigations from regulators and law enforcement 澳洲幸运5官方开奖结果体彩网:amid a number of other 澳洲幸运5官方开奖结果体彩网:incidents involving Boeing planes.

The safety issues and investigations also led to the 澳洲幸运5官方开奖结果体彩网:announcement last month that ♛Calhoun will step down at the end of 2024. The head of Boeing's Commercial A𓂃irplanes division and its independent board chair were also replaced.

Despite Boeing's issues, several airlines have 澳洲幸运5官方开奖结果体彩网:reported strong earnings in 澳洲幸运5官方开奖结果体彩网:recent quarterly reports as demand for 澳洲幸运5官方开奖结果体彩网:travel has remained strong.

Boeing shares were up 2% to $172.65 at 10:50 a.m▨. ET Wednesday but have lost about a third 👍of their value this year amid the safety issues and investigations.