The Boeing Company's (BA) stock rose in intraday trading Wednesday after the aircraft manufacturer reported first-quarter results that fell short of rev♌enue estimates, but also included a smaller loss than analysts expected.

Boeing posted $16.57 billion in revenue for the quarter, below the $16.79 billion analysts expected, per estimates compiled by Visible Alpha. However, the company also reported an adjusted net loss of $1.13 per share that was much smaller than the anticipated $1.70-per-share loss.

"Our first quarter results reflect the immediate actions we've taken to slow down 737 production to drive improvements in quality," outgoing Boeing 澳洲幸运5开奖号码历史查询:Chief Executive Officer (CEO) Dave Calhoun said in a statement. "We will take the time necessary to strengthen our quality and safety management systems and꧃ this work will position us for a strong𓄧er and more stable future."

The airplane maker had a rough first quarter, kicked off by a 澳洲幸运5开奖号码历史查询:January incident in which a door plug detached from a Boeing plane being flown by Alaska Airlines, leading to the 澳洲幸运5开奖号码历史查询:grounding of the 737 Max fleet and a significant slowdown in Boeing's production so far this year. 澳洲幸运5开奖号码历史查询:Earlier this month, the company reported🐽 its lowest number of deliveries 🔯since 2021.

Following the January incident, the company 澳洲幸运5开奖号码历史查询:suspended its 2024 guidance as it became the subject of a number of investigations from regulators and law enforcement 澳洲幸运5开奖号码历史查询:amid a number of other 澳洲幸运5开奖号码历史查询:incidents involving Boeing planes.

The safety issues and investigations also led to the 澳洲幸运5开奖号码历史查询:announcement last month that Calhoun will step down at the endඣ of 2024. The head of Boeing's Commercial Airplanes division and its independent board chair were also replaced.

Despite Boeing's issues, several airlines have 澳洲幸运5开奖号码历史查询:reported strong earnings in 澳洲幸运5开奖号码历史查询:recent quarterly reports as demand for 澳洲幸运5开奖号码历史查询:travel has remained strong.

Boeing shares were up 2% to $172.65 at 10:50 a.m. ET Wednesday but have lost about a third of their value this year amid the safety issꦬues and investigations.