WATCH LIVE: Impeachment trial opening arguments expected after 12+ hours of debate over rules

Boeing costs for 737 Max jump, profit falls short in 3Q

Data pix.

CHICAGO (AP) — Boeing is reporting a big profit shortfall for the third quarter after costs related to the troubled 737 Max rose by $900 million.

The Chicago company said Wednesday that it expects regulatory review to begin in the fourth quarter. A few weeks ago, Boeing Co. predicted the plane would be flying around that time.

Net income was $1.17 billion, or $2.05 per share. Per-share earnings were $1.45 when nonrecurring items are removed, far short of the $2.04 Wall Street was looking for, according to a poll by Zacks Investment Research.

Revenue was $19.98 billion, topping forecasts analyst expectations $19.34 billion.

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.