Business

Boeing outlook sinks stock despite solid 4Q profit

By Joshua Freed
Published January 29, 2014 8:48pm ET
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Boeing outlook sinks stock despite solid 4Q profit
FILE - In this Thursday, Dec. 19, 2013, file photo, workers assemble Boeing 787 Dreamliners in the company's massive assembly plant in North Charleston, S.C. Boeing reports quarterly financial results on Wednesday, Jan. 29, 2014. (AP Photo/Bruce Smith, File) | Bruce Smith

Boeing is building airplanes faster, but Wall Street wants it to build profits faster, too.

Boeing Co. shares dropped more than 5 percent on Wednesday after it said this year’s profit and revenue would grow less than analysts had been expecting.

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Boeing Financial Markets