Boeing Strike May Cut Profit 14 Cents a Share

Boeing Co.’s third-quarter profit may be reduced by at least 14 cents a share if a strike by machinists against the world’s No. 2 commercial airline maker isn’t resolved by the end of the month, analysts said.

A 30-day strike would delay delivery of 30 planes, reducing revenue by about $2.1 billion, D.A. Davidson & Co. analyst JB Groh said.

Chicago-based Boeing, whose union representing 18,300 machinists went on strike Sept. 2, was expected to earn 90 cents a share this quarter on $14.7 billion in sales, the average estimate of analysts surveyed by Thomson Financial.

Shares of Boeing rose 9 cents to $64.59.