What You Need To Know Ahead of Boeing's Earnings Wednesday

Key Takeaways

• Boeing is scheduled to report third-quarter results Wednesday morning as a strike involving thousands of union machinists continues.
• The plane manufacturer has announced layoffs and a stock and debt sale fundraising effort to help compensate for the halted production.
• Boeing recently released preliminary revenue and net loss figures that are worse than analysts expect for the third quarter.

Boeing (BA) reports its results for the third quarter Wednesday morning, with analysts expecting the embattled plane manufacturer to continue burning through billions of dollars amid safety and production issues and an ongoing machinists union strike that began over a month ago.

Analysts expect revenue to rise slightly year-over-year to $18.22 billion, but project a net loss more than triple last year's at $5.08 billion, according to consensus estimates compiled by Visible Alpha.

In recent days, Boeing said it would be laying off about 10% of its workforce, announced plans to raise up to $25 billion through debt and stock sales, and said it had secured a $10 billion line of credit from big banks.