Boeing shares fall 7% on report of SEC probe

Boeing shares fell Thursday after a report that regulators are investigating accounting practices for two of its jetliners.

The U.S. Securities and Exchange Commission is investigating the company's projections regarding the long-term profitability of its 787 Dreamliner and 747 jumbo aircraft.

According to CNBC, the SEC probe is looking into so-called program accounting, which Boeing is said to use to spread upfront costs of manufacturing over a longer period of time.

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