Spirit Aerosystems: 3Q Earnings Snapshot
Spirit Aerosystems: 3Q Earnings Snapshot
WICHITA, Kan. (AP) _ Spirit Aerosystems Holdings Inc. (SPR) on Wednesday reported third-quarter profit of $168.8 million.
On a per-share basis, the Wichita, Kansas-based company said it had net income of $1.59. Earnings, adjusted for costs related to mergers and acquisitions, came to $1.70 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.
The aircraft parts maker posted revenue of $1.81 billion in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $1.82 billion.
Spirit Aerosystems expects full-year earnings in the range of $6.10 to $6.35 per share, with revenue in the range of $7.2 billion to $7.3 billion.
Spirit Aerosystems shares have declined nearly 6 percent since the beginning of the year. The stock has increased roughly 3 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPR at https://www.zacks.com/ap/SPR