737 Max incidents hit Boeing's bottom line

Boeing misses its 1Q earnings target:

Following the multiple Boeing 737 MAX crashes, analysts were very closely watching what Boeing would report for its Q1 earnings, and more importantly what it would forecast for the rest of the year. Moments ago Boeing did not disappoint, or rather it did, when it reported an across the board miss with both revenues and EPS coming in far below expectations and profits tumbled, while as a result of the limbo left in the aftermath of the 737 MAX fiasco, the company announced it would suspend it annual forecast while putting its stock buyback on indefinite hold.

The lack of guidance on future earnings is really interesting.  The implication is that they don't yet know the scope of their safety fixes or how they will be received by their customers.