Boeing stock rallies after revenue and free cash flow beat expectations, while losses were wider than forecast

Shares of Boeing Co. BA rallied 3.7% in premarket trading Wednesday, after the aerospace and defense giant reported a wider-than-expected loss but revenue and free cash flow that beat forecasts, as a beat by the defense, space and security (DSS) business offset a miss by the commercial airplanes business. Net losses narrowed to $414 million, or 69 cents a share, from $1.22 billion, or $2.06 a share, in the year-ago period. Excluding nonrecurring items, core losses per share of $1.27 was wider than that FactSet loss consensus of $1.07. Revenue jumped 28.1% to $17.92 billion, above the FactSet consensus of $17.52 billion….