Boeing boosts 737 Max output, reiterates full-year guidance

The Yahoo Finance Live team discusses a rise in Boeing stock as the company announced plans to boost output of the 737 Max.

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DAVE BRIGGS: Boeing shares ending the day. Let's check on them. Just [? eking ?] out some gains, up about a half a percent. Rather surprising given the report. The plane maker reporting a 28% jump in first quarter revenue and reiterating its full year outlook. The company also boosting output of its 737 max planes despite a recent production issue. They say they'll deliver 400 to 450 737 this year.

But the story has been for as long as we can remember. Supply chain issues plaguing Boeing. Dave Calhoun has got to get a handle on this, man.

SEANA SMITH: He's got to get a handle on it and I think that's a big reason why we haven't seen too much movement in the stock. We're looking at gains of just about 4/10 of a percent today, up nearly 3% in the last month alone. But when you take into account that Boeing did reaffirm their guidance, I think that did enough or maybe at least for right now to reassure some of the skeptics on the street. We know that the 737 is really Boeing's big moneymaker. So Dave, like you said, the fact that the company still believes that it will deliver 400 to 450 of the 737s this year that they're going to increase production of those planes to 30 per month later this year that obviously would bode well here for Boeing. And the fact that they stood by those full year fiscal year guidance here despite the fact that many of the manufacturing defect that we know that Boeing has seen in its 737.

They don't think it's going to dent delivery. They don't think it's going to have any impact at least for right now on their cash targets. That's a big reason why we looked at that stock moving slightly to the upside today.

DAVE BRIGGS: Still surprising. Up 30% over the last 12 months. Really the face of supply chain issues persisting way out of the pandemic. Long way to go, but it looks like things are on the up.