Boeing is set to report ahead of the opening bell. It's the company's first earnings report since 737 Max planes were grounded and production was cut.
The report will give investors their first look at how the grounding andof the 737 Max, which occurred in the wake of the aircrafts second disaster in five months, will impact its financials.
Earlier this month, Boeing announced it was cutting production of the aircraft, which was set to become its largest source of revenue and profit this year, from a rate of 52 airplanes a month to 42. , the aircraft manufacturer's operating profit margin is $12 million to $15 million on each 737 Max 8 it delivers to customers.Revenue:Boeing's stock is down 11.5% since the Ethiopian Airlines crash on March 10, but is still up 16% this year.
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