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Boeing shares slump as 737 earnings hit is weighed

Boeing shares slump as 737 earnings hit is weighedBoeing shares slumped Monday on the company's weakened profit outlook after it announced last week it will cut production of 737 planes following two deadly crashes. Shares were down 4.5 percent at $374.02 in afternoon trading, weighing on the Dow in the first session since Boeing announced late Friday it would trim production to 42 planes per month, down from 52 per month. Several analysts downgraded profit estimates, releasing notes that expressed a variety of views on the seriousness of the crisis for Boeing.


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