Boeing’s stock rallies as surprisingly large loss is offset by upbeat revenue and backlog

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Boeing reported a surprisingly large second-quarter loss, but its stock rallied on Tuesday as revenue beat Wall Street expectations. The company’s revenue outperformance was driven by strength in its defense and space division. The commercial airplane business saw revenue increase year-over-year for the sixth consecutive quarter, with 737 production transitioning from 42 to 47 jets per month.

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