Boeing announces new CEO, posts wider-than-expected Q2 loss
) shares are up more than 2% premarket after the company announced it had chosen Kelly Ortberg as its new President and CEO.
Ortberg has more than 35 years of aerospace leadership experience. He began his career in 1983 as an engineer at Texas Instruments, then joined Rockwell Collins in 1987 as a program manager and held various leadership positions at the company before becoming its president and CEO in 2013.
In Boeing's latest quarterly results, the company posted Q2 EPS of , $1.21 worse than the analysts' estimate of . Revenue for the quarter came in at $16.9 billion versus the consensus estimate of $17.39 billion.
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