Company news: Boeing (BA) posts wider-than-expected quarterly loss

Boeing (BA) reported Q2 FY2024 loss of $2.90 per share (versus $(0.82) per share in Q2 FY2023), worse than analysts’ consensus estimate of $(1.92) per share.

The company’s quarterly revenues amounted to $16.866 bln (-14.6% y/y), missing analysts’ consensus estimate of $17.350 bln.

The company also named Robert "Kelly" Ortberg its new president and chief executive officer (CEO), effective August 8, 2024.

BA rose to $192.55 (+3.05%) in pre-market trading.