Welcome to Seeking Alpha's Wall Street Lunch. Our afternoon update on today's market action news and analysis.

Good afternoon. Today is Wednesday, April 24th, and I'm your host, Kim Kahn. Our top story so far.

Boeing's results were better than feared as the plane maker continues to grapple with addressing safety issues.

The company's loss an narrowed to $355 million or 56 cents a share,

from 425 million or 69 cents a share a year earlier. Its loss adjusted for one-time items was 113 a share better than the

consensus estimate for an adjusted loss of 143 a share. Revenue fell 7.3

percent from a year earlier to 16.6 billion compared with a consensus estimate of 17.2

billion.

Operating cash flow dropped to negative 3.36 billion from negative 318 million a year

earlier amid fewer deliveries of commercial planes.

Last month, Boeing warned that its cash outlays

would be between 4 billion and 4.5 billion in the quarter

greater than previously estimated.

The company had 7.5 billion dollars of

cash and investments at the end of March or less than half of what it had at the beginning of the

year. Lawmakers and aviation authorities have intensified their scrutiny of Boeing after a new 737

Maxine jet on January 5th lost a metal plug used in place of an emergency exit door shortly

after takeoff.

The FAA placed a 90- day limit on Boeing's production of the 737

to push the company to improve its safety culture. Outgoing CEO Dave Calhoun said,

our first quarter results reflect the immediate actions we've

taken to slow down 737 production to drive improvements in quality. We will take the

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