What Boeing’s Earnings Indicate About How the Company Is Weathering Safety Issues [Video]

The Boeing Company’s (BA) stock rose in intraday trading Wednesday after the aircraft manufacturer reported first-quarter results that fell short of revenue 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 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 stronger and more stable future.”

The airplane maker had a rough first quarter, kicked off by a January incidentin which a door plug detached from a …