The Boeing Co. has revised its fourth quarter and year-end earnings-per-share figures initially provided Jan. 28.
In a filing with the U.S. Securities and Exchange Commission, Boeing said its fourth quarter loss increased to 12 cents per share, rather than 8 cents per share.
On Jan. 28, the company reported its 2008 earnings-per-share as $3.71. That was revised down to $3.67.
The company pegged the change on two factors — the decline in value of one (undisclosed) model of aircraft and changes in an arbitration case.
Todd Blecher, a Boeing spokesman, said that Boeing uses some third party information in determining the value of its aircraft. The third party information wasn’t available on Jan. 28 when the company reported its fourth quarter and 2008 earnings. One model came in at a lower value than the company had estimated.
Blecher declined to provide details on the arbitration case, saying only that the overall outcome of the case had been positive for Boeing. However, the company was directed to make some adjustments in its liabilities as a result.