Spirit Aerosystems: Q1 Earnings Snapshot
By AP News
Published - May 03, 2023, 07:48 AM ET
Last Updated - Jun 21, 2023, 11:30 PM EDT
WICHITA, Kan. (AP) — WICHITA, Kan. (AP) — Spirit Aerosystems Holdings Inc. (SPR) on Wednesday reported a loss of $281.2 million in its first quarter.
The Wichita, Kansas-based company said it had a loss of $2.68 per share. Losses, adjusted for pretax expenses and non-recurring costs, came to $1.69 per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 31 cents per share.
The aircraft parts maker posted revenue of $1.43 billion in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $1.48 billion.
