Boeing (BA) reported Q3 FY 2019 earnings of $1.45 per share (versus $3.58 in Q3 FY 2018), missing analysts’ consensus estimate of $2.12.

The company’s quarterly revenues amounted to $19.980 bln (-20.5% y/y), generally in line with analysts’ consensus estimate of $20.003 bln.

The company also assumed that regulatory approval of the 737 MAX return to service begins in Q4 and that it will gradually increase the 737 production rate from 42 per month to 57 per month by late 2020.

BA rose to $340.52 (+1.04%) in pre-market trading.