Boeing on Wednesday reported a bigger quarterly loss and weaker revenue than analysts expected as both its commercial airplane and defense programs continued to struggle. Boeing also said it hired more-than-three-decade aerospace industry veteran Robert "Kelly" Ortberg to become its next CEO as the manufacturer tries to regain its footing.
Here's how Boeing performed in the second quarter compared with estimates compiled by LSEG:
"Despite a challenging quarter, we are making substantial progress strengthening our quality management system and positioning our company for the future," CEO Dave Calhoun said in an earnings release Wednesday. Calhoun said in March that he would step down by the end of the year.
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