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Boeing Being Buoyant

Company reported 3Q 2020 Earnings today which was ahead of estimates with smaller loss per share than expected but revenue slightly higher. Since the company continues to struggle with economic impact of the pandemic, along with 737 Max, it announced another round of layoffs. Boeing aims to shrink staff to 130,000 by end of 2021, hoping this cost cutting measure will improve bottom line and regain investor confidence.

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