Cleveland, OH
Boeing Quarterly Loss Narrows
Boeing Co., the Arlington, Va.-based plane maker, stated at the moment its fourth-quarter loss narrowed from a yr earlier. The outcomes have been a blended bag.
The corporate reported a internet lack of $663 million, or $1.06 a share, in contrast with $4.16 billion, or $7.02, throughout 2021’s last quarter. Quarterly income totaled $19.98 billion, up from $14.8 billion a yr earlier.
Boeing posted a core working loss, which excludes some prices, of $650 million, or $1.75 a share, for the quarter. That compares with $4.5 billion, or $7.69, a yr earlier. The “core” earnings determine is adopted most carefully by monetary analysts.
The corporate’s deliveries of planes surged over the past three months of 2022 – 152 planes in contrast with 99 in 2021’s fourth quarter. Boeing noticed elevated deliveries of the 737 Max and 787 Dreamliner, two applications recovering from manufacturing and issues of safety.
For Boeing, the issue was monetary analysts had anticipated higher. Boeing had been forecast to report a “core” revenue of 26 cents a share and income of $20.4 billion, in accordance with CNBC.
Boeing CEO Dave Calhoun, in a memo to staff, performed up the positives.
“We delivered a stable fourth quarter,” Calhoun stated. The corporate is “making essential strides and steadily enhancing efficiency.”
On the similar time, he stated, “challenges stay and we now have extra work forward to drive stability in our operations and inside the provide chain.”
For all of 2022, Boeing reported a lack of $5.05 billion, or $8.30 a share, on income of $66.6 billion. The corporate reported a full-year lack of $4.3 billion, or $7.15, on income of $62.3 billion. Boeing’s “core” loss for 2022 was $4.7 billion, or $11.06 a share, in contrast with $4.1 billion, $9.44, for 2021.
CLEVELAND, Ohio — Ohio high school football scores from the fourth week of the OHSAA playoffs, as provided by The Associated Press.
Regional Finals
Division I
Region 1=
St. Edward 13, Mentor 7
Region 2=
Centerville 23, Huber Hts. Wayne 14
Region 3=
Powell Olentangy Liberty 21, Pickerington N. 9
Region 4=
Cin. Moeller 28, St. Xavier (OH) 23
Division II
Region 5=
Akr. Hoban 21, Cuyahoga Falls Walsh Jesuit 7
Region 6=
Avon 28, Medina Highland 20
Region 7=
Sunbury Big Walnut 14, Massillon Washington 7
Region 8=
Cin. Anderson 28, Cin. La Salle 21
Division III
Region 9=
Youngs. Ursuline 54, Gates Mills Gilmour 0
Region 10=
Tol. Cent. Cath. 45, Parma Padua 7
Region 11=
Bishop Watterson 37, Steubenville 7
Region 12=
London 13, Bellbrook 0
Division IV
Region 13=
Cle. Glenville 12, Perry 6, OT
Region 14=
Sandusky Perkins 28, Ontario 21
Region 15=
Gnadenhutten Indian Valley 48, St Clairsville 7
Region 16=
Cin. Taft 26, Kettering Alter 12
Division V
Region 17=
Canfield S. Range 17, Poland Seminary 16
Region 18=
Liberty Center 34, Milan Edison 6
Region 19=
Ironton 55, Wheelersburg 0
Region 20=
W. Liberty-Salem 21, Lewistown Indian Lake 14
Division VI
Region 21=
Kirtland 41, Dalton 6
Region 22=
Bluffton 24, Hamler Patrick Henry 7
Region 23=
Galion Northmor 37, Cols. Grandview Hts. 6
Region 24=
Coldwater 45, Anna 21
Division VII
Region 25=
Jeromesville Hillsdale 44, Cuyahoga Hts. 14
Region 26=
Columbus Grove 14, Delphos St John’s 0
Region 27=
Danville 40, Beaver Eastern 6
Region 28=
Maria Stein Marion Local 21, Minster 7
Pittsburgh Steelers guard Mason McCormick (66), Pittsburgh Steelers center Zach Frazier (54), Pittsburgh Steelers offensive lineman Isaac Seumalo (73), Pittsburgh Steelers offensive tackle Dan Moore Jr. (65), and Pittsburgh Steelers quarterback Russell Wilson (3) during a regular season game between the Pittsburgh Steelers and the Cleveland Browns, Thursday, Nov. 21, 2024 in Cleveland, OH. The Browns beat the Steelers 24-19. (Karl Roser / Pittsburgh Steelers)
CLEVELAND, Ohio – Fifth Third Bank has hired a new president for its northern Ohio market.
Matt Nipper has been promoted to president of Fifth Third’s northern Ohio region, which includes Akron, Canton, Cleveland, Toledo and Youngstown. He takes the place of Tom Partridge, who is now group regional president at Cincinnati-based Fifth Third (Nasdaq: FITB), which is the 11th-largest U.S.-based consumer bank.
Nipper had been Cleveland market president since he joined Fifth Third in April before taking on the larger role.
Read the full story on cleveland.com’s sister site, Cleveland Business Journal.
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